RedCloud price target lowered to $4.50 from $5 at Roth Capital

Roth Capital analyst Rohit Kulkarni lowered the firm’s price target on RedCloud (RCT) to $4.50 from $5 and keeps a Buy rating on the shares. The company’s first-half results came a tad bit below Roth’s expectations, though the overall FY25 estimates remain unchanged, and the management sounded confident on near-term traction driven by recent software licensing plus marketplace deals in Turkiye and Saudi Arabia, the analyst tells investors in a research note.