Decoding 8 Analyst Evaluations For Hertz Global Holdings
Portfolio Pulse from Benzinga Insights
In the past three months, 8 analysts have provided diverse ratings for Hertz Global Holdings (NASDAQ:HTZ), with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target has been lowered to $10.5 from $14.29, indicating a 26.52% decrease. Analysts from firms like Goldman Sachs, B of A Securities, and Morgan Stanley have adjusted their ratings and price targets, reflecting concerns over Hertz's market position and financial health despite its solid revenue growth and efficient cost management.
April 04, 2024 | 1:00 pm
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Hertz Global Holdings has seen a shift towards a more bearish outlook from analysts, with a significant decrease in the average 12-month price target. Despite showing solid revenue growth, concerns over its market position and financial health have been highlighted.
The bearish shift in analyst outlook and the decrease in the average 12-month price target reflect growing concerns over Hertz's market position and financial health. Despite solid revenue growth, the lowered price targets and mixed reviews on financial indicators such as net margin and debt management suggest potential short-term negative impact on HTZ's stock price.
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