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SolarEdge Technologies (NASDAQ:SEDG) Given New $33.00 Price Target at Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft has lowered its price target for SolarEdge Technologies (NASDAQ:SEDG) to $33.00 from $35.00, maintaining a “hold” rating, which suggests a potential downside of 12.93%. Despite SolarEdge beating Q4 earnings and revenue estimates, the company remains unprofitable, though some analysts have raised their price targets, indicating mixed sentiment. The stock traded up to $37.90 on Friday, with institutional investors owning a significant portion of its shares.