UBS Upgrades Rivian Automotive to Buy, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak has upgraded Rivian Automotive (NASDAQ:RIVN) from Neutral to Buy and announced a $24 price target.
October 10, 2023 | 8:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rivian Automotive has been upgraded from Neutral to Buy by UBS with a new price target of $24.
The upgrade from UBS is a positive signal for Rivian Automotive. It indicates that the analyst believes the company's stock is likely to outperform in the future. The new price target of $24 also suggests that the analyst sees significant upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100