UPDATE: Goldman Sachs Upgrades Quiksilver to Buy, Raises PT

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Friday, Goldman Sachs Group upgraded its rating on Quiksilver (NYSE: ZQK) from Neutral to Buy, and raised its price target from $4.00 to $6.50.Goldman Sachs noted, “We are upgrading ZQK to Buy from Neutral and raising our 12-month price target to $6.50 from $4.00 following the appointment of Mr. Andy Mooney as CEO. Mr. Mooney spent most of the 2000's running Disney's consumer products business where he restored retail. Prior to Disney, he was the head of marketing at Nike during the 90's ‘Just Do It' campaign. We believe his combination of product knowledge and operational expertise offers a unique skill set for ZQK. This event increases our confidence in ZQK's ability to execute a multi-year turnaround. We raise our FY13-FY15 EPS estimates to reflect our expectations for an operational recovery.”Quiksilver closed on Thursday at $4.53.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!