Goldman Sachs Maintains Buy on ADT, Raises Price Target to $8.3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst George Tong has maintained a Buy rating on ADT (NYSE:ADT) and increased the price target from $7.5 to $8.3.
February 29, 2024 | 2:50 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on ADT and raises the price target to $8.3.
The upgrade in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100