Goldman Sachs' Buy Views: Yelp, Stagwell, and Chewy
- July 17th, 2023
- 391 views
Yelp Inc. (NYSE: YELP), a popular online platform for local businesses, received a notable upgrade from Goldman Sachs, shifting its rating from Neutral to Buy, and the investment firm announced a price target of $47.
With $YELP closing at $38.13 on Friday, the indicated price target suggests a potential upside of $8.87 or approximately 23.23%, based on Goldman Sachs' analysis.
Stagwell Inc. (Nasdaq: STGW), a technology-driven marketing services company, caught the attention of Goldman Sachs as the investment bank initiated coverage with a Buy rating and a price target of $12.
Considering $STGW closed at $7.39 on Friday, the stated price target indicates a potential upside of $4.61 or about 62.37%, as per Goldman Sachs' view.
Chewy, Inc. (NYSE: CHWY), an online retailer of pet food and supplies, also received positive attention from Goldman Sachs, which upgraded the company from Neutral to Buy and announced a $50 price target.
Based on Friday's closing price of $37.99, the projected price target implies a potential upside of $12.01 or approximately 31.62% for $CHWY, according to Goldman Sachs' assessment
The potential upsides mentioned for these companies are derived from Goldman Sachs' evaluations. However, it is crucial for investors to conduct their own research and take into account other factors before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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