Citizens lowered the firm’s price target on Wealthfront (WLTH) to $17 from $20 and keeps an Outperform rating on the shares. Recent share weakness appears more technical than fundamental, as Wealthfront delivered Q4 results modestly above expectations with $96M in revenue and $44M in adjusted EBITDA, the analyst tells investors in a research note.
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Read More on WLTH:
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- Wealthfront participates in a conference call with Citizens
- Wealthfront price target lowered to $10 from $16 at JPMorgan
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