Why This Goldman Sachs Analyst Gives Safehold A Buy Rating
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs analyst Caitlin Burrows initiated coverage on Safehold Inc. (NYSE:SAFE) with a Buy rating and a price target of $25. The analyst expects Safehold to realize an average annual EPS growth rate of 10.6% between 2024 and 2025. Acquisition volume, yield, and debt and equity costs are expected to be the primary drivers of SAFE's future earnings growth. Safehold's business benefits from repeat business, with 40% of its customers having multiple deals with the company.
August 23, 2023 | 5:03 pm
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Goldman Sachs analyst Caitlin Burrows has initiated coverage on Safehold Inc. with a Buy rating and a price target of $25. The analyst expects an average annual EPS growth rate of 10.6% between 2024 and 2025, driven by acquisition volume, yield, and debt and equity costs.
The positive rating and price target from a Goldman Sachs analyst is likely to boost investor confidence in Safehold Inc., potentially driving up the stock price in the short term. The expected EPS growth rate of 10.6% between 2024 and 2025, driven by acquisition volume, yield, and debt and equity costs, also paints a positive picture for the company's future earnings growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100