Medpace Holdings ( (MEDP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Medpace Holdings experienced a stock price decline despite reporting higher-than-expected Q3 revenue of $659.9M and raising its FY25 revenue outlook. The drop was primarily due to Barclays downgrading the stock over valuation concerns, although Mizuho countered with a raised price target based on improved revenue forecasts.
More about Medpace Holdings
YTD Price Performance: 63.00%
Average Trading Volume: 381,552
Technical Sentiment Signal: Buy
Current Market Cap: $15.29B
For further insights into MEDP stock on TipRanks’ Stock Analysis page.
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