Edgio (EGIO) PT Raised to $5.75 at Cowen

August 19, 2022 9:39 AM EDT
Get Alerts EGIO Hot Sheet
Price: $2.69 -5.94%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 6 | New: 1
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Cowen analyst Michael Elias raised the price target on Edgio (NASDAQ: EGIO) to $5.75 (from $5.00) while maintaining a Outperform rating.

The analyst commented, "EGIO reported mixed 2Q22 results updated its 2022 guidance to reflect its Edgecast acquisition and provided preliminary 2023 revenue/EBITDA guidance. We are encouraged by EGIO s continued momentum and believe its upcoming Analyst Day could serve as a catalyst for the stock as it should provide investors a clear strategic/financial roadmap to evaluate its performance against."

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