Stocks
JPMorgan Chase Lowers Fluence Energy Price Target to $8.00
JPMorgan Chase & Co. has lowered its price target for Fluence Energy (NASDAQ:FLNC) to $8.00 from $17.00, according to a note issued to investors on Thursday. This indicates a potential upside of 6.88% from the company's current price.
Several other research firms have also recently weighed in on FLNC. Needham & Company LLC reiterated a 'hold' rating, while Robert W. Baird reissued an 'underperform' rating and issued a $3.00 price target (down from $10.00). Citigroup cut its price target on Fluence Energy from $24.00 to $20.00 and set a 'buy' rating.
The company's stock traded down 17.3% on Thursday, hitting $7.49. Analysts have given the company a consensus rating of 'Reduce' with an average target price of $13.52.