Jul. 22 at 2:19 PM
$YOU
Goldman Sachs lowered its price target on
$YOU to
$70 from
$75, while maintaining a Buy rating.
The outlook remains mixed. Goldman continues to see strength from resilient summer travel demand, premium pricing, World Cup-related travel trends, and increasing GenAI adoption.
However, higher investment spending could weigh on margins and earnings over the next 12 to 18 months.
The long-term story remains intact, but expectations are being adjusted.