Goldman Sachs Maintains Buy on Clarivate, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst George Tong has maintained a Buy rating on Clarivate (NYSE:CLVT) but has lowered the price target from $8.5 to $7.5.

May 09, 2024 | 12:39 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Clarivate but lowers the price target from $8.5 to $7.5.
While the maintenance of a Buy rating by Goldman Sachs suggests continued confidence in Clarivate's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that slightly temper expectations. This mixed signal is likely to have a neutral short-term impact on the stock as positive sentiment from the maintained Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100