Goldman Sachs Maintains Buy on Sagimet Biosciences, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Andrea Tan maintains a Buy rating on Sagimet Biosciences (NASDAQ:SGMT) but lowers the price target from $37 to $27.

March 26, 2024 | 4:54 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Sagimet Biosciences but lowers the price target from $37 to $27.
While the reduction in price target from $37 to $27 by Goldman Sachs could suggest a tempered outlook on Sagimet Biosciences' short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100