Splash Beverage price target lowered to 50c from $1 at H.C. Wainwright

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Sat, Nov 30, 2024, 4:10 AM 1 min read

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.