Goldman Sachs Cuts Avis Budget Target: Buying Opportunity?

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.