Goldman Sachs Maintains Neutral on Rivian Automotive, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Rivian Automotive (NASDAQ:RIVN) and raised the price target from $16 to $18.

July 06, 2023 | 12:21 pm
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Goldman Sachs has maintained a Neutral rating on Rivian Automotive and raised the price target from $16 to $18.
The news directly pertains to Rivian Automotive as Goldman Sachs, a major financial institution, has maintained a Neutral rating on the company and raised its price target. This suggests that Goldman Sachs sees potential in the company but also acknowledges risks, hence the Neutral rating. The increase in price target could lead to increased investor interest, but the impact on the stock price in the short term is uncertain due to the Neutral rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100