Goldman Sachs Initiates Coverage On Wipro with Sell Rating, Announces Price Target of $4.7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Manish Adukia has initiated coverage on Wipro (NYSE:WIT) with a Sell rating and a price target of $4.7.
August 22, 2023 | 7:27 pm
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Goldman Sachs has initiated coverage on Wipro with a Sell rating and a price target of $4.7, which could negatively impact the stock's price in the short term.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Goldman Sachs, a highly influential investment bank, has given Wipro a Sell rating, indicating that they believe the stock's price will decrease. This could lead to a sell-off among investors, driving the stock's price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100