Goldman Sachs Downgrades SolarEdge Technologies to Sell, Announces $77 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Neutral to Sell and set a price target of $77.
December 18, 2023 | 12:37 pm
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NEGATIVE IMPACT
Goldman Sachs downgraded SolarEdge Technologies from Neutral to Sell and set a price target of $77, which may negatively impact the stock's short term performance.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a decrease in stock price. The new price target of $77 set by Goldman Sachs is likely below the current trading price, suggesting a bearish outlook which could result in a short term decline in SEDG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100