Goldman Sachs Maintains Buy on Rent the Runway, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Rent the Runway (NASDAQ:RENT) but has reduced the price target from $3.5 to $2.
January 11, 2024 | 1:36 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Goldman Sachs reaffirmed a Buy rating on Rent the Runway but lowered the price target from $3.5 to $2, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like Goldman Sachs suggests a reassessment of the company's valuation, which could lead to a negative investor sentiment in the short term. However, the maintenance of a Buy rating indicates a positive outlook on the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100