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    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

    Market Signals: Insights from Financial Data & Social Media Trends – 12.10.2024 16:28

    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

    Bitcoin Whale Sells $46 Million Amid Price Drop

    Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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Goldman Sachs Cuts Avis Budget Target: Buying Opportunity?

Goldman Sachs cuts Avis Budget stock price target as concerns over vehicle depreciation weigh. Lower earnings forecasts and halted stock buyback program add to cautious outlook, but low valuation may attract value investors.

by Mark Eisenberg
Wed, Feb 14, 2024 9:44pm
in Business
• 3 mins read
14.8k
Goldman Sachs Cuts Avis Budget Target: Buying Opportunity? | FinOracle

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Goldman Sachs Slashes Avis Budget Stock Price Target Amid Vehicle Depreciation Concerns

In a significant move that has caught the attention of investors and analysts alike, Goldman Sachs has revised its outlook on Avis Budget Group, slashing the stock price target from $164 to a more conservative $118. This bearish stance comes after a tumultuous period for the car rental giant, highlighted by a sharp 23% drop in shares following its latest earnings call.

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