Barrington lowered the firm’s price target on zSpace (ZSPC) to $10 from $11 and keeps an Outperform rating on the shares following the Q1 report. While revenue was ahead of consensus expectations despite continued uncertainty in its end markets related to funding and other macro concerns, the company’s adjusted EBITDA loss was slightly higher than expected, the analyst tells investors in a research note. The firm cites current end user uncertainty for the target cut.
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