Goldman Sachs Maintains Neutral on Zevia, Lowers Price Target to $1.25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bonnie Herzog has maintained a Neutral rating on Zevia (NYSE:ZVIA) and lowered the price target from $3 to $1.25.
May 09, 2024 | 1:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Zevia but reduced the price target significantly from $3 to $1.25.
The reduction in price target by a significant margin from Goldman Sachs, a major financial institution, suggests a bearish outlook on Zevia's short-term price potential. This adjustment reflects concerns or adjustments in the company's valuation or expected performance, which could lead to decreased investor confidence and a potential decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100