Goldman Sachs Initiates Coverage On Model N with Buy Rating, Announces Price Target of $45
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Adam Hotchkiss has initiated coverage on Model N (NYSE:MODN) with a Buy rating and a price target of $45.
July 06, 2023 | 9:02 am
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Goldman Sachs has initiated coverage on Model N with a Buy rating and a price target of $45, which could positively impact the stock's performance.
The initiation of coverage by a major investment bank like Goldman Sachs generally attracts investor attention. The Buy rating indicates that the bank expects the stock to outperform, which could drive up demand and, consequently, the stock price. The price target of $45 suggests a significant upside potential from the current levels, which could further fuel investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100