Benchmark analyst Bill Sutherland lowered the firm’s price target on RCM Technologies (RCMT) to $30 from $37 and keeps a Buy rating on the shares. RCM’s Q4 miss was accompanied by a continuing positive outlook that supports guidance of low double-digit adjusted EBITDA growth for 2025, the analyst tells investors in a research note.
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Read More on RCMT:
- Positive Outlook for RCM Technologies: Buy Rating Backed by Growth Prospects and Financial Improvements
- RCM Technologies price target lowered to $30 from $37 at B. Riley
- RCM Technologies’ Mixed Earnings Call: Growth Amid Challenges
- RCM Technologies Reports Steady Revenue Growth in 2024
- RCM Technologies reports Q4 EPS 49c, vs. 73c last year