Barclays Maintains Overweight on ZipRecruiter, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Overweight rating on ZipRecruiter (NYSE:ZIP) but lowered the price target from $18 to $16.

August 09, 2023 | 4:21 pm
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Barclays has maintained an Overweight rating on ZipRecruiter but lowered the price target from $18 to $16.
The news of Barclays lowering the price target for ZipRecruiter from $18 to $16, while maintaining an Overweight rating, could potentially lead to a short-term negative impact on the stock. Investors may interpret the lowered price target as a sign of reduced confidence in the company's performance, which could put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100