Super League Enterprise price target lowered to $3 from $5 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Super League Enterprise to $3 from $5 and keeps a Buy rating on the shares. The company’s business progress is becoming clearer with the Q4 results and the profitability goal set for 2024, the analyst tells investors in a research note. While full year profitability is still likely a year away, more meaningful progress towards operating breakeven and even quarterly profitability should be viewed favorably by investors, the analyst tells investors in a research note.