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 13, 2023 | 1:33 pm
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Goldman Sachs reaffirms a Buy rating on Model N but lowers the price target to $36 from $42.
While the reduction in price target could suggest a more conservative outlook on the stock's future performance, the maintenance of a Buy rating indicates that Goldman Sachs still sees positive potential in Model N. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered target against the continued endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100