Goldman Sachs Maintains Buy Rating for Inter & Co: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Buy rating on Inter & Co (NASDAQ:INTR), raising the price target from $5.80 to $6.50. Despite a slight decline in share price over the last 24 hours, the new target suggests a potential 18.61% increase. Inter & Co, a digital bank, earns most of its revenue from its Banking & Spending segment.
February 09, 2024 | 5:00 pm
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Goldman Sachs maintains a Buy rating on Inter & Co, raising the price target to $6.50, indicating a potential 18.61% increase from the current price.
The upgrade in price target by a reputable financial institution like Goldman Sachs typically signals strong confidence in the company's future performance. Given that this advice is based on the company's solid segment in digital banking, which is a growing industry, it suggests a positive outlook for INTR's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100