Maxim lowered the firm’s price target on Datavault (DVLT) to $3 from $4 and keeps a Buy rating on the shares. The company reported solid Q4 results that beat across the board, and the firm is increasingly positive on Datavault’s growing IP portfolio of Web 3.0 assets, audio technologies, and ramping data monetization and licensing opportunities, the analyst tells investors in a research note. Maxim adds however that its reduced price target reflects equity dilution.
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