Goldman Sachs Maintains Buy on Sonendo, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rich has maintained a Buy rating on Sonendo (NYSE:SONX) but has reduced the price target from $1.75 to $1.5.

November 10, 2023 | 4:12 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Sonendo but lowers the price target from $1.75 to $1.5.
The reduction in price target by Goldman Sachs could have a mixed impact on Sonendo's stock price. While the Buy rating reaffirms confidence in the company's prospects, the lowered price target may signal a tempered expectation for the stock's performance. Investors may react to the lower price target with caution, but the maintained Buy rating could balance the sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100