Credit And Loan PerformanceHigh interest rates are expected to weaken loan demand and the high delinquency ratio coupled with weak loan growth reflects in the conservative 12-month target price.
Guidance And Stock ValuationGoldman Sachs reiterates Sell rating and 12-month target price of $11 due to revenue and EBITDA guidance miss for 2Q24, indicating potential overvaluation of the stock.
Operational And Market ChallengesChallenging operating environment and macro headwinds persist, leading to lowered sales expectations and pressuring the company's performance and stock price.