Goldman Sachs Maintains Neutral Rating for Weave Communications: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating for Weave Communications (NYSE:WEAV) and increased its price target from $5.00 to $11.00. Weave Communications' shares are currently trading down 4.18% at $10.54 per share. A move to $11.00 would represent a 4.36% increase from the current share price.
August 04, 2023 | 5:00 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating for Weave Communications and raises its price target. This could potentially influence investor sentiment and the stock's price.
Goldman Sachs' decision to maintain a Neutral rating indicates that they do not expect significant changes in Weave Communications' stock price. However, the increase in the price target could be seen as a positive signal, potentially leading to increased investor interest. The actual impact on the stock price will depend on market reaction to this news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100