Goldman Sachs Maintains Neutral on InnovAge Holding, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jamie Perse maintains a Neutral rating on InnovAge Holding (NASDAQ:INNV) and lowers the price target from $8 to $7.

February 08, 2024 | 3:47 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on InnovAge Holding and lowers the price target from $8 to $7.
The reduction in price target by a reputable analyst firm like Goldman Sachs can lead to a negative perception among investors, potentially causing a short-term decrease in stock price. The maintenance of a Neutral rating indicates that the firm does not see significant upside or downside from the current price level, but the lowered target suggests a recalibration of expected performance, which could impact investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100