Goldman Sachs Maintains Buy Rating for Safehold: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Safehold Inc (NYSE:SAFE) and increased its price target from $22.00 to $25.00. Safehold's shares have risen 0.71% in the last 24 hours to $19.83. The new price target suggests a potential upside of 26.07%. Safehold is a REIT focusing on ground leases for commercial real estate projects.
December 01, 2023 | 5:00 pm
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Goldman Sachs maintains a Buy rating on Safehold and raises the price target to $25, suggesting a 26.07% upside from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable investment bank like Goldman Sachs typically instills confidence in investors and can lead to a positive short-term price movement. The 26.07% potential upside is significant and may attract investor interest, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100