Market Overview

UPDATE: Goldman Sachs Raises PT to $24 on SouFun Holdings Limited Post Q3 Results

Share:
Related SFUN
SouFun Holdings Tumble After Management Issues Update On Proposed Restructuring Plan
Mid-Afternoon Market Update: Netflix Drops Following Baird Downgrade; Lululemon Shares Rise

Goldman Sachs reiterated its Buy rating on SouFun Holdings Limited (NYSE: SFUN) and increased its price target from $23 to $24.

Goldman Sachs noted, "SFUN presented an encouraging operational outlook for 4Q, reflecting the stabilizing property sector amid political transitions. We were encouraged by the traction with online shops, as the program joined e-commerce in showcasing SFUN's ability to tailor product offerings and navigate through difficult conditions. We expect positive revenue momentum to continue into 4Q and 2013E."

SouFun Holdings Limited closed at $19.24 on Friday.

Latest Ratings for SFUN

DateFirmActionFromTo
Nov 2015Goldman SachsDowngradesBuyNeutral
Oct 2015CSLADowngradesBuyOutperform
Aug 2015CLSADowngradesBuyOutperform

View More Analyst Ratings for SFUN
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (SFUN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters