CareCloud downgraded to Neutral from Buy at Roth MKM

Roth MKM downgraded CareCloud (CCLD) to Neutral from Buy with a price target of $3.50, down from $5. The firm says that while cuts have improved CareCloud’s cash generation, the company’s 2025 growth appears unlikely to improve markedly. As such, Roth reduced 2025 revenue forecasts. With lowered revenue forecasts, the firm’s price target falls to $3.50, warranting a downgrade to Neutral.