Goldman Sachs Maintains Neutral on Unity Software, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Neutral rating on Unity Software (U) and lowers the price target from $29 to $26.
May 13, 2024 | 3:57 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Unity Software and reduces the price target from $29 to $26.
A reduction in the price target by a major analyst like Goldman Sachs can lead to negative sentiment among investors, potentially causing a short-term decrease in the stock price. The maintenance of a Neutral rating indicates no change in the overall outlook, but the lowered target suggests a reassessment of the stock's value, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100