Goldman Sachs has downgraded the ratings and price targets for several companies, including Altair Engineering and Coinbase, predicting significant revenue declines as it adopts a pessimistic market stance. The price target for Coinbase was notably reduced from $70 to $45, with expectations of a 61% revenue drop in 2022. In contrast, the firm announced a 25% increase in its own quarterly dividend to $2.50 per share, reflecting a strategy to maintain investor confidence amidst economic uncertainty.
“Goldman Sachs · downgraded · Altair Engineering Inc. · from 'Neutral' to 'Sell'”
“Goldman Sachs · cut · price target for Altair Engineering Inc. · from $62 per share to $41 per share”
“Goldman Sachs · cut its ratings for Samsara Inc. · from 'Buy' to 'Hold'”
“Goldman Sachs · trimmed · price target for Samsara Inc. · from $27 per share to $16 per share”
“Goldman Sachs · downgraded · The Boston Beer Company, Inc. · from 'Neutral' to 'Sell'”
“Goldman Sachs · downgrades · Coinbase · its shares”
“Goldman Sachs Group Inc. analysts · downgraded · Coinbase Global Inc. · to a sell rating”
“Goldman Sachs · downgraded · shares of Coinbase · Sell from Neutral”
“Goldman Sachs · slashed · price target on Coinbase · $45 from $70”
“Goldman Sachs · expects · Coinbase's revenue · will fall 61% in 2022”
“Goldman Sachs · suggested · total market capitalization of all cryptocurrencies · dipped below $1 trillion”
“Goldman Sachs · lowered · price target for Robinhood · $9.50 from $11.50”
