Goldman Sachs Maintains Buy on Maxeon Solar Technologies, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has maintained a Buy rating on Maxeon Solar Technologies (NASDAQ:MAXN) but has reduced the price target from $21 to $18.
November 16, 2023 | 1:48 pm
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Goldman Sachs maintains a Buy rating on Maxeon Solar Technologies but lowers the price target from $21 to $18.
While the maintenance of a Buy rating by Goldman Sachs is positive for Maxeon Solar Technologies, the reduction in the price target from $21 to $18 could be seen as a negative signal, suggesting lower expected future stock performance. The net impact on the stock price could be neutral in the short term as the market digests both the reaffirmation of the Buy rating and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100