Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Zevia to $3 from $4 and keeps a Market Perform rating on the shares after the company reported “mixed” Q4 results and gave guidance for lower-than-anticipated Q1 sales. The firm continues to believe that Zevia has a long runway of growth, but awaits full stabilization of business trends to regain confidence in the story, the analyst tells investors.
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Read More on ZVIA:
- Zevia sees Q1 revenue $38M-$40M, consensus $49.41M
- Zevia reports Q4 EPS (14c), consensus (14c)
- Zevia PBC Names Girish Satya as New CFO to Bolster Growth
- Zevia appoints Girish Satya as CFO
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