Goldman Sachs Maintains Sell on Fisker, Lowers Price Target to $0.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Sell rating on Fisker (NYSE:FSR) and reduced the price target from $1 to $0.75.
January 25, 2024 | 2:05 pm
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Goldman Sachs has reiterated a Sell rating on Fisker and decreased the price target to $0.75, indicating a negative outlook on the stock.
A lowered price target by a major financial institution like Goldman Sachs typically reflects a bearish view on the stock's future performance and can lead to a negative short term impact on the stock price. The Sell rating reaffirms the analyst's lack of confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100