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 17, 2023 | 2:14 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Maxeon Solar Technologies but lowers the price target from $21 to $18.
While the reduction in price target could suggest a more conservative valuation or a perceived decrease in future growth prospects, the maintenance of a Buy rating indicates that Goldman Sachs still sees positive potential in Maxeon Solar Technologies. The mixed signals may lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the continued endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100