Goldman Sachs Maintains Hold Rating on Capri Holdings with $18 Target
Goldman Sachs' analyst Brooke Roach has maintained her hold rating for Capri Holdings (CPRI.US), along with its target price of $18. According to TipRanks data, Roach's success rate over the past year is at 45.9%, and she has achieved a total average return of 0.0%. This information is provided by TipRanks, an independent third-party service that calculates analysts' performance based on their ratings.
The analyst maintains her rating despite having a relatively low success rate compared to other analysts in the industry. Roach's past performance data suggests that while she has been accurate 45.9% of the time over the past year, her average return has not been significant at 0.0%. This highlights the importance of considering multiple sources and ratings when making investment decisions.
The maintainance of the target price at $18 indicates that Goldman Sachs' analyst believes Capri Holdings is currently fairly valued at this level. However, it's essential to note that a hold rating does not necessarily imply a lack of potential for growth or decline in the company's stock price.