Goldman Sachs Downgrades ZipRecruiter to Neutral, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has downgraded ZipRecruiter (NYSE:ZIP) from Buy to Neutral and set a new price target of $15. This change reflects a revised outlook on the company's stock by one of the leading financial institutions.
January 19, 2024 | 10:03 am
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ZipRecruiter's stock has been downgraded by Goldman Sachs from Buy to Neutral, with a new price target of $15, indicating a potentially more cautious view on the stock's future performance.
Downgrades by major analysts like Goldman Sachs can lead to a negative short-term impact on a stock's price as market sentiment adjusts to the new rating. The setting of a specific price target provides a benchmark that may influence investor expectations and stock valuation.
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