Goldman Sachs Maintains Neutral on Rivian Automotive, Raises Price Target to $23
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 $18 to $23.
August 09, 2023 | 3:54 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained a Neutral rating on Rivian Automotive and raised the price target from $18 to $23.
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 the analyst sees potential in the company but also acknowledges risks. This could influence investor sentiment and potentially the stock price, but the direction is uncertain hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100