Goldman Sachs Lowers Opower Price Target to $24.00 (OPWR)

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Goldman Sachs dropped their target price on shares of Opower (NASDAQ:OPWR) from $30.00 to $24.00 in a research note issued on Thursday. Goldman Sachs’ price objective would indicate a potential upside of 41.34% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Opower from $25.00 to $23.00 in a research note on Thursday, May 15th. They now have a “buy” rating on the stock. Separately, analysts at Zacks initiated coverage on shares of Opower in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Opower in a research note on Tuesday, April 29th. They set an “outperform” rating and a $25.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.80.

Shares of Opower (NASDAQ:OPWR) traded up 1.00% on Thursday, hitting $17.15. The stock had a trading volume of 103,995 shares. Opower has a one year low of $15.83 and a one year high of $26.00. The stock’s 50-day moving average is $19.65 and its 200-day moving average is $19.65. The company’s market cap is $377.3 million.

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