Business
Is the Sydney Airport (ASX:SYD) share price good value?
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has been out of form over the last 12 months because of the COVID-19 crisis.
Since this time last year, the airport operator’s shares are down over 30%.
Is this a buying opportunity for investors?
According to a note out of Goldman Sachs, the Sydney Airport share price could be in the buy zone now.
This morning its analysts have put a buy rating and $6.78 price target on the company’s shares.
This price target implies potential upside of approximately 11% over the next 12 months.
Why is Goldman Sachs positive on Sydney Airport?
The broker notes that Sydney Airport is Australia’s largest domestic and international airport and the major gateway for international…
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