Goldman Sachs Maintains Buy Rating for Zai Lab: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Buy rating for Zai Lab (NASDAQ:ZLAB) but lowered its price target from $82.47 to $73.34. Zai Lab's shares are currently trading down 1.5% at $23.70 per share. A move to the new price target would represent a 209.45% increase from the current share price.
October 26, 2023 | 5:00 pm
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Goldman Sachs has maintained its Buy rating for Zai Lab but lowered its price target. This could potentially lead to a 209.45% increase in the share price if the target is met.
Goldman Sachs' decision to maintain a Buy rating indicates a positive outlook for Zai Lab. However, the lowering of the price target may reflect a more conservative estimate of the company's future performance. If the new price target is met, it would represent a significant increase from the current share price, potentially leading to substantial gains for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100