Goldman Sachs Downgrades ZipRecruiter, Cites Limited Visibility Into Overall Hiring Environment
ZipRecruiter, Inc (NYSE:ZIP) stock is trading lower as Sheridan downgraded the stock from Buy to Neutral and a $15 price target.
He noted a more balanced risk-reward skew in the equity following a >20% increase in the company’s share price since its last third-quarter earnings results in early November.
While several long-term themes remain intact in favor of the company, the analyst expected short-term headwinds (primarily driven by the broader macro environment) over the near-to-medium term) to persist into 2024.
With limited visibility into the overall hiring environment, Sheridan …
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