Goldman Sachs Maintains Buy Rating for Sunrun: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Sunrun (NASDAQ:RUN) and increased its price target from $17.00 to $20.00. Despite this, Sunrun's shares have fallen 2.42% to $18.18 in the last 24 hours. The new price target suggests a potential upside of 10.01% from the current price. Sunrun specializes in residential solar energy systems in the U.S., offering design, installation, and maintenance services.
December 18, 2023 | 5:00 pm
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Goldman Sachs maintains a Buy rating on Sunrun and raises the price target to $20, indicating a potential 10.01% increase from the current price of $18.18.
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 impact on the stock price. The 10.01% potential increase indicated by the new price target is significant, suggesting that Goldman Sachs sees strong growth potential for Sunrun. However, the recent 2.42% decline in share price indicates some market hesitancy, which may temper the immediate impact of the rating.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100