Goldman Sachs Maintains Neutral on BioNTech, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chris Shibutani has maintained a Neutral rating on BioNTech (NASDAQ:BNTX) and lowered the price target from $113 to $100.
February 28, 2024 | 4:23 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on BioNTech and lowers the price target from $113 to $100.
The reduction in price target by a prominent analyst like Goldman Sachs can lead to negative sentiment among investors, potentially causing a short-term decrease in BioNTech's stock price. The Neutral rating indicates no expected significant upward or downward movement from the stock's current price level, but the lowered target suggests a reassessment of the stock's value potential, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100