Goldman Sachs Maintains Sell on SolarEdge Technologies, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has reiterated a Sell rating on SolarEdge Technologies (NASDAQ:SEDG) and reduced the price target from $83 to $71.
January 24, 2024 | 6:43 pm
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Goldman Sachs has maintained a Sell rating on SolarEdge Technologies and lowered the price target to $71.
The reduction in price target by a major investment bank like Goldman Sachs typically suggests a bearish outlook on the stock's value, which can lead to a negative short term impact on the stock price as market participants may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100