Goldman Sachs Maintains Neutral on Playtika Holding, Lowers Price Target to $8.75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Playtika Holding (NASDAQ:PLTK) and reduced the price target from $11 to $8.75.
February 27, 2024 | 4:20 pm
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Goldman Sachs has maintained a Neutral rating on Playtika Holding but lowered the price target from $11 to $8.75.
The reduction in price target by a significant financial institution like Goldman Sachs can lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a reassessment of the stock's value, which could lead to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100