UPDATE: Baird Downgrades NeuStar on NPAC Contract Concerns, Trading Down 18 Percent

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Baird released a report Thursday morning in which their analyst, William Power, downgraded Neustar (NYSE: NSR) from Outperfrom to Neutral, dropping price target from $58 to $36.Power noted, "With uncertainty around the NPAC contract likely to reign for some time, and the increased likelihood that they could actually lose the contract, we are lowering our rating from Outperform to Neutral, despite the steep after-hours drop. In addition to the contract concerns, guidance was also moderately worse than expected."NSR is currently trading at $35.67, down 18.5% from its Wednesday close of $43.75.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!