In a report released yesterday, Andres Sheppard from Cantor Fitzgerald reiterated a Hold rating on Hyliion Holdings (HYLN – Research Report), with a price target of $4.00. The company’s shares opened today at $2.79.
Sheppard covers the Consumer Goods sector, focusing on stocks such as Lucid Group, Rivian Automotive, and Sono Group. According to TipRanks, Sheppard has an average return of -29.5% and a 18.52% success rate on recommended stocks.
Currently, the analyst consensus on Hyliion Holdings is a Hold with an average price target of $3.63, implying a 30.11% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $3.25 price target.
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Based on Hyliion Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $499 thousand and a GAAP net loss of $63.39 million. In comparison, last year the company had a GAAP net loss of $26.62 million
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