Rubicon Technologies price target lowered to 60c from $1.60 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Rubicon Technologies to 60c from $1.60 and keeps an Overweight rating on the shares. Rubicon reported mixed Q1 operating results highlighted by revenue and retention headwinds primarily driven by the ongoing effort to force lower margin customers off the of the platform, the analyst tells investors in a research note. The firm believes there is re-rating upside to shares given the mission criticality of Rubicon’s product, as well as the ongoing portfolio optimization and margin improvements.