Mizuho Issues Pessimistic Forecast for PICS (NASDAQ:PICS) Stock Price

PICS (NASDAQ:PICS) had its price target lowered by investment analysts at Mizuho from $30.00 to $23.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 100.00% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Research upgraded shares of PICS to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen lowered shares of PICS from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada initiated coverage on shares of PICS in a research report on Monday, February 23rd. They issued an “outperform” rating and a $20.00 price target for the company. Citigroup assumed coverage on shares of PICS in a research note on Monday, February 23rd. They set a “buy” rating and a $28.00 price target for the company. Finally, Wolfe Research upgraded shares of PICS to a “strong-buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $24.33.

PICS Stock Performance

PICS stock opened at $11.50 on Friday. PICS has a fifty-two week low of $10.30 and a fifty-two week high of $19.95.

PICS (NASDAQ:PICS) last posted its earnings results on Wednesday, March 18th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). The business had revenue of $558.09 million during the quarter.