Goldman Sachs Maintains Neutral on Singular Genomics Sys, Lowers Price Target to $0.85
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Matthew Sykes has maintained a Neutral rating on Singular Genomics Systems (NASDAQ:OMIC) but has reduced the price target from $0.95 to $0.85.

January 22, 2024 | 12:50 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Singular Genomics Systems but lowered the price target from $0.95 to $0.85.
The reduction in price target by Goldman Sachs, a major financial institution, could lead to a negative perception among investors, potentially causing a short-term decline in OMIC's stock price. The Neutral rating suggests no significant change in the company's outlook, but the lowered price target indicates a less optimistic view on the stock's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100