Shares of E2open Parent Holdings, Inc. (ETWO) plummeted 5.62% in pre-market trading on Wednesday, as multiple analysts lowered their price targets for the company. The significant drop comes amid growing pessimism surrounding the stock's prospects.
UBS analyst Taylor McGinnis reduced the firm's price target on E2open from $3 to $2.50, while maintaining a Neutral rating on the shares. Additionally, Morgan Stanley trimmed its price target to $2.10 from $2.30, keeping an Equalweight rating. These downgrades appear to have sparked a sell-off among investors, contributing to the sharp decline in ETWO's stock price.
The overall sentiment towards E2open remains cautious, with analysts polled by FactSet giving the stock an average rating of underweight. The mean price target now stands at $2.24, reflecting the recent adjustments. As the market digests these new valuations, investors will be closely watching E2open's performance and any potential catalysts that could shift the company's trajectory.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。