Cantor Fitzgerald Reiterates Overweight on Rivian Automotive, Maintains $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and maintained a $19 price target.
September 30, 2024 | 2:29 pm
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Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive and maintained a $19 price target, indicating confidence in the company's stock performance.
The reiteration of an Overweight rating and maintenance of a $19 price target by a reputable analyst suggests a positive outlook for Rivian's stock, likely boosting investor confidence and potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100