Canaccord analyst David Hynes lowered the firm’s price target on Upland Software to $8 from $15 and keeps a Buy rating on the shares. The analyst said the stock is feeling pretty washed out. This is going to take some time, but we see little downside risk at these levels and believe that execution against the plan could be a gradual catalyst to the stock.
Published first on TheFly
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Read More on UPLD:
- Upland Software downgraded to Neutral from Buy at Roth MKM
- Upland Software downgraded to Hold from Buy at Needham
- Truist cuts Upland Software to Hold on execution risk, spending on growth plan
- Upland Software downgraded to Hold from Buy at Truist
- Upland Software sees FY23 revenue $288M-$312M, consensus $311.74M
