B. Riley lowered the firm’s price target on ACV Auctions (ACVA) to $17 from $24 and keeps a Buy rating on the shares. the company’s Q3 results were slightly below expectations, impacted by lower marketplace conversion rates, the analyst tells investors in a research note. The firm sees “kitchen-sinked” expectations from here and views the stock’s risk/reward as attractive.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACVA:
- ACV Auctions price target lowered to $11 from $18 at JPMorgan
- ACV Auctions downgraded to Market Perform from Outperform at Barrington
- ACV Auctions price target lowered to $13 from $21 at Goldman Sachs
- ACV Auctions double downgraded to Underperform at BofA
- ACV Auctions downgraded to Underperform from Buy at BofA