Goldman Sachs Downgrades Nuvei to Neutral, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Will Nance has downgraded Nuvei (NASDAQ:NVEI) from Buy to Neutral and lowered the price target from $41 to $22.
August 10, 2023 | 9:07 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nuvei's rating has been downgraded from Buy to Neutral by Goldman Sachs, with a lowered price target from $41 to $22.
The downgrade from Buy to Neutral by Goldman Sachs, a major financial institution, along with a significant reduction in the price target, could negatively impact investor sentiment and potentially lead to a decrease in Nuvei's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100