Pineapple Financial price target lowered to $5 from $5.50 at D. Boral Capital

D. Boral Capital lowered the firm’s price target on Pineapple Financial (PAPL) to $5 from $5.50 and keeps a Buy rating on the shares. The firm updated the company’s model to account for the reported fiscal 2024 as well as the December update noting continued sales growth of +21% year-over-year following Pineapple’s recent rebound in sales trends that had persisted throughout the second half of 2024. It cites the company’s extended runway to profitability for the target cut.