Needham & Company LLC has reduced its price target for Allot (NASDAQ:ALLT) from $12.50 to $8.50, while still maintaining a “buy” rating, indicating a potential 23% upside. Allot’s shares recently dropped by 29.6% after the company reported quarterly EPS of $0.06, missing estimates by $0.01, despite revenue of $28.4 million slightly exceeding forecasts. Analyst ratings for Allot are generally positive, with a consensus “Moderate Buy” rating and a target price of $13.13.
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Needham & Company LLC Lowers Allot (NASDAQ:ALLT) Price Target to $8.50
Needham & Company LLC has reduced its price target for Allot (NASDAQ:ALLT) from $12.50 to $8.50, while still maintaining a “buy” rating, indicating a potential 23% upside. Allot’s shares recently dropped by 29.6% after the company reported quarterly EPS of $0.06, missing estimates by $0.01, despite revenue of $28.4 million slightly exceeding forecasts. Analyst ratings for Allot are generally positive, with a consensus “Moderate Buy” rating and a target price of $13.13.