Goldman Sachs Maintains Buy on Model N, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Hotchkiss has maintained a Buy rating on Model N (NYSE:MODN) but has reduced the price target from $42 to $36.
November 10, 2023 | 4:09 pm
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NEGATIVE IMPACT
Goldman Sachs reaffirmed a Buy rating on Model N but lowered the price target from $42 to $36, indicating a potential downside compared to the previous target.
The reduction in price target by a prominent analyst like Goldman Sachs suggests a reassessment of Model N's future price potential, which could lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100