Goldman Sachs Maintains Buy on ReNew Energy Glb, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Vinit Joshi has reaffirmed a Buy rating on ReNew Energy Global (RNW) and increased the price target from $7 to $8. This adjustment reflects a positive outlook on the company's future performance.
December 20, 2023 | 1:26 pm
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Goldman Sachs has maintained a Buy rating on ReNew Energy Global and raised the price target from $7 to $8, indicating a bullish outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically instills confidence in investors and can lead to a short-term increase in the stock price. The Buy rating reaffirmation coupled with a higher price target suggests that the bank has a positive view on the company's future earnings potential and growth prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100