Stocks
Enphase Energy Price Target Cut by Goldman Sachs Group
Goldman Sachs Group lowered its price target for Enphase Energy (NASDAQ:ENPH) from $55.00 to $47.00 in a note to investors, according to Benzinga.
The brokerage has a 'buy' rating on the semiconductor company's stock and suggests a potential upside of 35.68% from the previous close.
Other analysts have also weighed in on Enphase Energy, with Oppenheimer reiterating its 'outperform' rating and Mizuho decreasing its target price from $54.00 to $45.00.
Enphase Energy reported earnings per share of $0.46 for the quarter, missing analyst estimates by $0.01, with revenue down 19.6% compared to the same period last year.