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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100