Ubiquiti Inc.'s stock plunged 5.21% in the pre-market session on Monday, following an Underweight rating and price target cut by Barclays.
The investment bank lowered its price target on Ubiquiti to $222 from $236, citing concerns over the company's recent results. Barclays analysts believe the networking equipment maker's performance could be impacted by macroeconomic headwinds.
Analyst actions such as price target cuts can significantly influence a stock's movement, as they reflect the investment community's outlook on the company's prospects. Ubiquiti investors appeared rattled by Barclays' bearish stance.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。