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Needham maintains buy rating on Unusual Machines with $40 price target

TIKR ·

UMAC
UMAC Unusual Machines Inc
$20.83 -2.62%
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  1. 1Unusual Machines closed at $21.88 on October 7.
  2. 2Unusual Machines shares have fallen 36% since mid-August.
  3. 3Needham's $40 price target is higher than the previous high of $34.06 based on the August 14 closing price.

So what's the key point?

Needham recommended buying Unusual Machines, predicting the stock price will reach $40. Although the stock price has dropped significantly recently, they expect it to rise further.

Source TIKR · View original ↗

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