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IRDM
Benzinga
20 hrs

Top 3 Tech & Telecom Stocks That Could Blast Off In September

1. IRDM downgraded from Strong Buy to Outperform by Raymond James analyst. 2. Price target for IRDM lowered from $39 to $26. 3. IRDM stock has fallen 25% over the past five days. 4. Current RSI for IRDM is at 25.2, indicating oversold conditions. 5. IRDM shares gained 2.4%, closing at $18.39 on Thursday.

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FAQ

Why Bearish?

The downgrade and reduced price target indicate decreasing analyst confidence, which often precedes further declines.

How important is it?

Analyst downgrades can significantly impact investor sentiment and trading behavior.

Why Short Term?

Recent downgrades typically exert immediate pressure, but recovery potential exists in the longer term.

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