Stock Track | Ubiquiti Inc. Plummets 5.21% as Barclays Cuts Price Target
Ubiquiti Inc.'s stock plunged 5.21% in the pre-market session on Monday, following an Underweight rating and price target cut by Barclays.The investment bank lowered its price target on Ubiquiti to $222 from $236, citing concerns over the company's recent results. Barclays analysts believe the networking equipment maker's performance could be impacted by macroeconomic headwinds.Analyst actions such as price target cuts can significantly influence a stock's movement, as they reflect the investmen