Goldman Sachs Initiates Coverage On Jack Henry & Associates with Neutral Rating, Announces Price Target of $173
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Will Nance has initiated coverage on Jack Henry & Associates (NASDAQ:JKHY) with a Neutral rating and a price target of $173.
July 12, 2023 | 10:32 am
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Goldman Sachs has initiated coverage on Jack Henry & Associates with a Neutral rating and a price target of $173.
The initiation of coverage by Goldman Sachs, a major investment bank, is a significant event for Jack Henry & Associates. The Neutral rating suggests that Goldman Sachs believes the stock is fairly valued at current levels. The price target of $173 provides a reference point for investors, but does not necessarily suggest significant upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100