Goldman Sachs Maintains Neutral on Rivian Automotive, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Rivian Automotive (NASDAQ:RIVN) but has reduced the price target from $20 to $17.
January 25, 2024 | 2:18 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral stance on Rivian Automotive but lowers the price target from $20 to $17, indicating a potential downside or limited upside.
The reduction in price target by a major analyst like Goldman Sachs suggests that they see less potential for growth or higher risks than before. This could lead to a negative investor sentiment and a potential decrease in Rivian's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100