Hyliion Holdings (HYLN) Stock: $12 Price Target From Cantor Fitzgerald

By Amit Chowdhry ● Nov 17, 2021
  • The shares of Hyliion Holdings Corp (NYSE: HYLN) have received a price target of $12 from Cantor Fitzgerald. These are the details.

The shares of Hyliion Holdings Corp (NYSE: HYLN) have received a price target of $12 from Cantor Fitzgerald. And Cantor Fitzgerald analyst Andres Sheppard assumed coverage of Hyliion Holdings with an “Overweight” rating.

Sheppard noted that Hyliion shares were weak with the Q3 update, but this could be viewed as a transitory issue — which is unlikely to negatively impact its long-term monetization ability, a key driver of value. And Sheppard is continuing to like Hyliion given its visible path to commercialization and its early-mover advantage.

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