Goldman Sachs Maintains Neutral on Nuvei, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Neutral rating on Nuvei (NASDAQ:NVEI) and increased the price target from $21 to $30.
January 11, 2024 | 1:30 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Nuvei and raises the price target from $21 to $30, indicating a positive outlook on the stock's value.
The increase in price target from $21 to $30 by Goldman Sachs suggests a more optimistic valuation of Nuvei's stock, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100