UBS Maintains Neutral on Rivian Automotive, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak maintains a Neutral rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $10 to $17.
June 28, 2024 | 2:09 pm
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UBS analyst Joseph Spak maintains a Neutral rating on Rivian Automotive and raises the price target from $10 to $17.
The raised price target from $10 to $17 by UBS indicates a more positive outlook on Rivian's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating suggests that the stock may not outperform the market significantly.
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