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Lake Street raises Cellebrite price target, sees pullback as buying opportunity

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Cellebrite (CLBT) to $26 from $21 and keeps a Buy rating on the shares. Cellebrite’s “strong guide” prompts the firm to raise estimates for both Q1 and 2025, the analyst tells investors. The firm views the post-earnings pullback in shares as a buying opportunity, the analyst added.

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