Benchmark analyst Bill Sutherland lowered the firm’s price target on RCM Technologies (RCMT) to $30 from $37 and keeps a Buy rating on the shares. RCM’s Q4 miss was accompanied by a continuing positive outlook that supports guidance of low double-digit adjusted EBITDA growth for 2025, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCMT:
- Positive Outlook for RCM Technologies: Buy Rating Backed by Growth Prospects and Financial Improvements
- RCM Technologies price target lowered to $30 from $37 at B. Riley
- RCM Technologies’ Mixed Earnings Call: Growth Amid Challenges
- RCM Technologies Reports Steady Revenue Growth in 2024
- RCM Technologies reports Q4 EPS 49c, vs. 73c last year