Goldman Sachs Initiates Coverage On Revolve Gr with Sell Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Steiger has initiated coverage on Revolve Group (NYSE:RVLV) with a Sell rating and set a price target of $12 for the company's stock.
January 10, 2024 | 12:07 pm
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Goldman Sachs has initiated coverage on Revolve Group with a Sell rating and a price target of $12, which may influence the stock's performance negatively in the short term.
Analyst ratings, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. A Sell rating typically suggests that the analyst believes the stock will underperform the market or its sector, leading to potential selling pressure. The announcement of a price target below the current market price can further reinforce the negative outlook, potentially resulting in a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100