Goldman Sachs Initiates Coverage On MoonLake with Neutral Rating, Announces Price Target of $62
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Law initiates coverage on MoonLake (NASDAQ:MLTX) with a Neutral rating and sets a price target of $62.

April 02, 2024 | 11:05 am
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Goldman Sachs initiated coverage on MoonLake with a Neutral rating and a price target of $62.
The initiation of coverage by a major financial institution like Goldman Sachs generally brings increased attention to a stock. However, the 'Neutral' rating suggests that Goldman Sachs views MoonLake's stock as fairly valued at its current price, implying limited upside or downside in the short term. The price target of $62 provides a benchmark for investors but does not suggest a significant change in stock price is expected imminently.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90