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Siemens Energy shares: Goldman Sachs recommends buying
Goldman Sachs rates Siemens Energy shares “Buy” after quarterly figures - analysis by Ajay Patel. Find out more about the current developments. #SiemensEnergy #GoldmanSachs #stock trading
Siemens Energy shares: Goldman Sachs recommends buying
Goldman Sachs Group Inc. analyst Ajay Patel has conducted a comprehensive research on Siemens Energy stock. According to GE Vernova's business figures, the US investment bank Goldman Sachs has left its rating for Siemens Energy at "Buy" with a price target of 27 euros. In a recently published study, analyst Ajay Patel emphasized the positive impact of stronger order intake in the power segment on the German company.
In XETRA trading, Siemens Energy shares temporarily rose by 3.54 percent to EUR 18.43. This suggests that the paper still has a possible development of 47.78 percent compared to the set price target. So far in 2024, the share price has risen by 52.3 percent. For the current quarter Q2 2024, the key figures are expected to be presented on May 8, 2024.
Goldman Sachs' positive rating and the prospect of future growth have helped Siemens Energy shares increase in value. Ajay Patel's analysis highlights the company's strength and the potential created by the improved order intake in the power segment.
Investors and market observers will be waiting eagerly to see how Siemens Energy shares will develop in the coming weeks. Goldman Sachs' recommendation could have a positive impact on investor confidence and make the stock continue to be attractive.