Evercore ISI Group Downgrades ZipRecruiter to Neutral, Lowers Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Mark Mahaney has downgraded ZipRecruiter (NYSE:ZIP) from Outperform to Neutral and lowered the price target from $20 to $18.
August 09, 2023 | 9:19 am
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NEGATIVE IMPACT
ZipRecruiter's rating has been downgraded from Outperform to Neutral by Evercore ISI Group, with a lowered price target from $20 to $18.
The downgrade from Outperform to Neutral by a prominent analyst group like Evercore ISI Group, coupled with a lowered price target, could negatively impact investor sentiment and potentially lead to a short-term decrease in ZipRecruiter's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100