CORRECTION: Cantor Fitzgerald Reiterates Overweight on Rivian Automotive, Raises Price Target To $19
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and raised the price target from $15 to $19.
June 26, 2024 | 3:56 pm
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Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive and raised the price target from $15 to $19.
The reiteration of an Overweight rating and the increase in the price target from $15 to $19 by a reputable analyst is likely to positively impact Rivian's stock price in the short term. This suggests increased confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100