Goldman Sachs Initiates Coverage On Rocket Pharmaceuticals with Neutral Rating, Announces Price Target of $39
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Law initiates coverage on Rocket Pharmaceuticals (NASDAQ:RCKT) with a Neutral rating and a price target of $39.

April 02, 2024 | 11:07 am
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NEUTRAL IMPACT
Goldman Sachs initiated coverage on Rocket Pharmaceuticals with a Neutral rating and set a price target of $39.
The initiation of coverage by a major financial institution like Goldman Sachs generally attracts investor attention. However, the Neutral rating suggests that Goldman Sachs views Rocket Pharmaceuticals as fairly valued at its current price, implying limited short-term price movement. The price target of $39 provides a reference point for investors but does not suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100