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Friday, March 29, 2024

JP Morgan Maintains Neutral Rating and $35 PT on Fusion-io

Courtesy of Benzinga.



A report form J.P. Morgan reiterates its Neutral rating and $35 price target on Fusion-io (NYSE: FIO).

The report states, “Shares of Neutral-rated Fusion-io will likely benefit from a short cover rally in the near term. Investors’ near-term concerns over competition and the macro uncertainty did not weigh on FIO’s business. The company posted strong September results but provided mixed guidance.”

FIO closed yesterday at $32.00.

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