Canaccord analyst Maria Ripps lowered the firm’s price target on Fluent (FLNT) to $2.50 from $3 and keeps a Hold rating on the shares. The firm said they reported soft Q3 results as its top line was impacted by some advertiser budget pullbacks that took place in the latter part of Q3 and have continued into early Q4, with management indicating this dynamic appears to be tariff related.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 FLNT:
