Goldman Sachs analyst Eric Sheridan has announced a revision in the price target for ZipRecruiter (ZIP, Financial), maintaining a "Neutral" rating but lowering the price target from $8.00 to $7.00 USD. This updated price target represents a 12.50% decrease from the previous estimate.
The decision to adjust the price target comes as part of an ongoing evaluation of market conditions and company performance metrics. Although the rating remains unchanged, the revised price target reflects a recalibration of expectations surrounding ZipRecruiter's future growth and valuation.
Investors and stakeholders of ZipRecruiter (ZIP, Financial) will continue to monitor the company's performance in line with this revised outlook by Goldman Sachs, which remains cautiously optimistic while acknowledging potential market challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for ZipRecruiter Inc (ZIP, Financial) is $7.25 with a high estimate of $10.00 and a low estimate of $6.00. The average target implies an upside of 48.87% from the current price of $4.87. More detailed estimate data can be found on the ZipRecruiter Inc (ZIP) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, ZipRecruiter Inc's (ZIP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ZipRecruiter Inc (ZIP, Financial) in one year is $10.06, suggesting a upside of 106.57% from the current price of $4.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ZipRecruiter Inc (ZIP) Summary page.
