CareCloud price target raised to $3.25 from $2.25 at Roth Capital

Roth Capital analyst Richard Baldry raised the firm’s price target on CareCloud (CCLD) to $3.25 from $2.25 and keeps a Neutral rating on the shares. The firm upped estimates post the Q3 report. Cost controls and cuts will extend CareCloud’s adjusted EBITDA in the near-term, the analyst tells investors in a research note. Roth cites the company’s “flattening” revenue and EBITDA outlook for its hold rating.