Goldman Sachs Maintains Neutral on Stem, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Neutral rating on Stem, Inc. (NYSE:STEM) and lowers the price target from $2.5 to $2.
May 06, 2024 | 3:31 pm
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Goldman Sachs maintains a Neutral rating on Stem, Inc. and lowers the price target from $2.5 to $2.
The reduction in price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Stem, Inc. The Neutral rating suggests that the analyst sees limited upside or downside potential, but the lowered price target indicates a revision of the expected stock performance, which could influence investor perception and stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100