Goldman Sachs Maintains Buy on Denali Therapeutics, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Salveen Richter maintains a Buy rating on Denali Therapeutics (DNLI) but lowers the price target from $73 to $50.

February 29, 2024 | 2:57 pm
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Goldman Sachs maintains a Buy rating on Denali Therapeutics but reduces the price target from $73 to $50.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Denali Therapeutics' fundamentals and future prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially causing volatility in DNLI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100