Canaccord Genuity analyst Maria Ripps has maintained a "Hold" rating for Fluent (FLNT, Financial) while lowering the price target. The updated price target is now set at $3.00 USD, down from the previous target of $3.50 USD, marking a decrease of 14.29%.
The decision to lower the price target comes as part of the firm's regular review process, reflecting current market conditions and company performance. Despite the decrease in the price target, the "Hold" rating remains unchanged, indicating a neutral outlook on Fluent's (FLNT, Financial) stock performance.
Investors and stakeholders are advised to consider this updated analysis when making investment decisions related to Fluent (FLNT, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Fluent Inc (FLNT, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 24.22% from the current price of $2.42. More detailed estimate data can be found on the Fluent Inc (FLNT) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Fluent Inc's (FLNT, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fluent Inc (FLNT, Financial) in one year is $2.31, suggesting a downside of 4.35% from the current price of $2.415. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fluent Inc (FLNT) Summary page.
