Citigroup Maintains Buy on Sonder Holdings, Lowers Price Target to $1.15
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey has maintained a 'Buy' rating on Sonder Holdings (NASDAQ:SOND) but lowered the price target from $1.5 to $1.15.
August 11, 2023 | 4:49 pm
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NEUTRAL IMPACT
Citigroup analyst Ronald Josey has maintained a 'Buy' rating on Sonder Holdings but lowered the price target.
The news is related to Citigroup as the analyst who made the rating and price target change is from Citigroup. However, the impact on Citigroup's stock is likely to be minimal as it is a routine part of their business.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has maintained a 'Buy' rating on Sonder Holdings but lowered the price target from $1.5 to $1.15.
The news is directly related to Sonder Holdings. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential decrease in the short-term performance of the stock. However, the impact is not necessarily negative as the 'Buy' rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100