Cantaloupe price target raised to $11.50 from $10.50 at B. Riley
B. Riley raised the firm's price target on Cantaloupe (CTLP) to $11.50 from $10.50 and keeps a Buy rating on the shares. The revenue miss was almost entirely attributable to lower-margin equipment sales, the analyst tells investors in a research note. The firm believes the stock's risk/reward remains attractive.
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Read More on CTLP:
Cantaloupe, Inc. Reports Strong Q2 Financial Performance
Closing Bell Movers: Amazon slips 4% on soft Q1 outlook, capex plans
Cantaloupe reports Q2 EPS 7c, two estimates 7c
Cantaloupe backs FY25 revenue view $308M-$322M, consensus $312.03M
CTLP Earnings this Week: How Will it Perform?
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