H.C. Wainwright lowered the firm’s price target on Splash Beverage (SBEV) to 50c from $1 and keeps a Buy rating on the shares following the Q3 report. The business stalled until new funding agreements are completed, the analyst tells investors in a research note. The firm says management indicated that it has begun reinvesting in the e-commerce platform, which should drive stronger revenue performance in Q4 and 2025.
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Read More on SBEV:
- Splash Beverage Group Inc. Reports Q3 2024 Earnings
- Splash Beverage Group Inc. (SBEV) Q3 Earnings Cheat Sheet
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
