- The shares of Exela Technologies (NASDAQ: XELA) have received a $0.35 price target from B. Riley. These are the details.
The shares of Exela Technologies (NASDAQ: XELA) have received a $0.35 price target from B. Riley. And B.Riley analyst Zach Cummins is maintaining a “Neutral” rating on the shares.
Cummins adjusted the rating following the company’s first-quarter results. According to Cummins, the revenue demonstrated signs of stabilization and the improving renewal rate, along with strong contracting activity – which indicates Exela is well-positioned to return to growth in the second half of 2022.
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