Canaccord analyst Maria Ripps lowered the firm’s price target on Fluent to $4 from $5 and keeps a Buy rating on the shares. The analyst said they reported mixed Q3 results, as revenue and media margin came in above CGe but adjusted EBITDA was below expectations, with top line growth decelerating meaningfully from Q2 given the company’s previously discussed decision to pull forward some strategic initiatives into the prior quarter.
Published first on TheFly
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