Olo downgraded to Neutral from Overweight at Piper Sandler

Piper Sandler downgraded Olo (OLO) to Neutral from Overweight with an unchanged price target of $8. The firm says the return of investor appetite in small cap has fueled a 60% run in shares over the last 12 months. With the bar now higher for the incremental investor, the recent job cuts and executive changes at Olo leave Piper concerned on the 2025 outlook, the analyst tells investors in a research note.

Stay Ahead of the Market:

• Discover outperforming stocks and invest smarter with Top Smart Score Stocks
• Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on OLO:

• Olo price target raised to $9 from $8 at RBC Capital

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.