Cantaloupe, Inc. (NASDAQ: CTLP) is currently covered by eight analysts, according to Marketbeat. Among these, one analyst has issued a sell rating, while seven have recommended holding the stock. The consensus 12-month price target set by these analysts is $12.73.
This mixed but cautious outlook reflects the varied perspectives on the company’s near-term prospects. The majority of analysts suggest maintaining current positions rather than buying or selling.
**Why this matters**
Analyst ratings and price targets can influence investor sentiment and trading decisions. The predominance of hold recommendations indicates that analysts see limited upside potential in the stock at this time, which may affect market activity and investor confidence in Cantaloupe, Inc.
Source: NewsData