Goldman Sachs Initiates Coverage On SEMrush Hldgs with Neutral Rating, Announces Price Target of $10.5
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Christopher Merwin has initiated coverage on SEMrush Hldgs (NYSE:SEMR) with a Neutral rating and a price target of $10.5.
July 20, 2023 | 9:56 am
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Goldman Sachs has initiated coverage on SEMrush Hldgs with a Neutral rating and a price target of $10.5.
The initiation of coverage by Goldman Sachs, a major investment bank, can bring more attention to SEMrush Hldgs. However, the Neutral rating suggests that the bank does not expect the stock to outperform in the short term. The price target of $10.5 provides a reference point for investors, but it does not necessarily indicate a strong upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100