Goldman Sachs Reaffirms Their Buy Rating on Lineage, Inc. (LINE)
In a report released today, Caitlin Burrows from Goldman Sachs maintained a Buy rating on Lineage, Inc., with a price target of $45.00.
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According to TipRanks, Burrows is an analyst with an average return of -2.2% and a 51.16% success rate. Burrows covers the Real Estate sector, focusing on stocks such as BXP, Hudson Pacific Properties, and Safehold.
In addition to Goldman Sachs, Lineage, Inc. also received a Buy from RBC Capital’s Michael Carroll in a report issued on November 11. However, on November 17, Bank of America Securities reiterated a Sell rating on Lineage, Inc. (NASDAQ: LINE).
Based on Lineage, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.38 billion and a GAAP net loss of $100 million. In comparison, last year the company earned a revenue of $1.34 billion and had a GAAP net loss of $485 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LINE in relation to earlier this year. Earlier this month, Abigail S Fleming, the CAO of LINE bought 500.00 shares for a total of $16,780.00.
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