Goldman Sachs Maintains Buy on Sonendo, Lowers Price Target to $1.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rich has maintained a 'Buy' rating on Sonendo (NYSE:SONX), but lowered the price target from $2 to $1.75.

August 11, 2023 | 12:21 pm
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Goldman Sachs has maintained a 'Buy' rating on Sonendo, but lowered the price target from $2 to $1.75.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term value of the stock. However, the impact is likely to be neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100