Goldman Sachs Maintains Sell on UP Fintech Holding, Raises Price Target to $3.17
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has maintained its Sell rating on UP Fintech Holding (NASDAQ:TIGR) but increased the price target from $2.84 to $3.17.

November 28, 2023 | 2:43 pm
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NEGATIVE IMPACT
Goldman Sachs reaffirms Sell rating on UP Fintech Holding, but raises the price target to $3.17, indicating a potential downside based on the current market price.
The reaffirmation of the Sell rating by Goldman Sachs suggests that the investment bank sees continued underperformance or potential downside risks for UP Fintech Holding. However, the increase in the price target might imply that the downside risk is less severe than previously estimated. This could lead to a mixed reaction in the short term, as the market digests both the negative rating and the slightly more optimistic price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100