Goldman Sachs Maintains Sell on Energy Vault Holdings, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has maintained a Sell rating on Energy Vault Holdings (NRGV) and reduced the price target from $1.7 to $1.5.

March 22, 2024 | 10:35 am
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Goldman Sachs maintains a Sell rating on Energy Vault Holdings and lowers the price target from $1.7 to $1.5.
The reduction in price target by a significant financial institution like Goldman Sachs, combined with the maintenance of a Sell rating, is likely to negatively impact investor sentiment towards NRGV in the short term. This could lead to a decrease in stock price as the market adjusts to the new valuation guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100