TruGolf price target lowered to $10 from $50 at Maxim

Maxim lowered the firm’s price target on TruGolf (TRUG) to $10 from $50 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect the stock’s dilution but also notes its negative enterprise value valuation is unjustified, stating that shares are “significantly undervalued”, the analyst tells investors in a research note.