Goldman Sachs Maintains Neutral on Lulus Fashion Lounge, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Neutral rating on Lulus Fashion Lounge (NASDAQ:LVLU) and reduced the price target from $2.25 to $2.
November 10, 2023 | 4:06 pm
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NEGATIVE IMPACT
Goldman Sachs has lowered the price target for Lulus Fashion Lounge from $2.25 to $2 while maintaining a Neutral rating.
A reduction in the price target by a major analyst like Goldman Sachs can be seen as a bearish signal, potentially leading to a negative short-term impact on the stock price. The maintenance of a Neutral rating suggests that the analyst sees limited upside or downside potential, but the lowered target indicates a revision of the expected stock value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100