On24 price target raised to $6 from $5 at Canaccord

Canaccord raised the firm’s price target on On24 (ONTF) to $6 from $5 and keeps a Hold rating on the shares. The firm said the quarter was a bump in the road to recoverey as this is generally a seasonally slower quarter for the firm, but softer-thanexpected ARR was primarily a function of new growth bookings, which was particularly tangible in the Life Sciences vertical, an area of recent strength for the firm.