Rubicon Technologies price target lowered to $4.00 from $11.10 at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch lowered the firm’s price target on Rubicon Technologies to $4.00 from $11.10 and keeps an Overweight rating on the shares. Rubicon’s Q3 results were mixed, with GAAP revenue down 7.4% year-over-year, though adjusted gross profit exceeded expectations, the analyst tells investors in a research note. The firm believes growth is about to pick up, leading to greater operational leverage and margin improvements, and thinks shares are attractive at current levels.