Exela Technologies (XELA) Stock: $0.35 Price Target From B. Riley

By Amit Chowdhry ● May 13, 2022
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.