- (PLX AI) - TeamViewer shares dropped 2% in early trading as analysts at Bank of America reiterated their underperform recommendation on higher execution risk.
- • Price target cut to EUR 11 from EUR 13
- • TeamViewer likely continues to struggle in the freemium and lower-end SMB space, BofA said
- • The company targets to grow its SMB billings imply a steep re-acceleration after the decline in the first quarter, which could be challenging given the macro uncertainty, competition and slowing demand for remote tools, the analysts said
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