Piper Sandler Downgrades Olo to Neutral, Lowers Price Target to $9
Piper Sandler analyst Brent Bracelin downgrades Olo (NYSE:OLO) from Overweight to Neutral and lowers the price target from $13 to $9.
Earnings Scheduled For August 11, 2022
Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
Piper Sandler Maintains Overweight Rating for Olo: Here’s What You Need To Know
Piper Sandler has decided to maintain its Overweight rating of Olo (NYSE:OLO) and lower its price target from $14.00 to $13.00.
Shares of Olo are trading up 6.34% over the last 24 hours, at $10.82 per share.
A move to $13.00 would account for a 20.09% increase from the current share price.
Piper Sandler Maintains Overweight on Olo, Lowers Price Target to $13
Piper Sandler analyst Brent Bracelin maintains Olo (NYSE:OLO) with a Overweight and lowers the price target from $14 to $13.
JP Morgan Maintains Overweight on Olo, Lowers Price Target to $21
JP Morgan analyst Sterling Auty maintains Olo (NYSE:OLO) with a Overweight and lowers the price target from $26 to $21.
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Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) surged 70.5% to close at $0.1330 on Thursday after declining 9% on Wednesday. Allena Pharmaceuticals recently reported a $2.8 million registered direct offering.
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Gainers
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) jumped 102.6% to $0.1580 after declining 9% on Wednesday. Allena Pharmaceuticals recently reported a $2.8 million registered direct offering.
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On Wednesday, 807 companies reached new 52-week lows.
Piper Sandler Maintains Overweight on Olo, Lowers Price Target to $14
Piper Sandler analyst Brent Bracelin maintains Olo (NYSE:OLO) with a Overweight and lowers the price target from $20 to $14.