Zacks: Analysts Set $14.00 Price Target for Pivotal Acquisition Corp (NYSE:PVT)

Shares of Pivotal Acquisition Corp (NYSE:PVT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $14.00 for the company and are predicting that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also given Pivotal Acquisition an industry rank of 210 out of 255 based on the ratings given to its competitors.

Separately, Northland Securities began coverage on shares of Pivotal Acquisition in a research note on Friday, September 6th. They set an “outperform” rating and a $14.00 price objective on the stock.

Shares of Pivotal Acquisition stock opened at $10.20 on Friday. Pivotal Acquisition has a 1-year low of $9.75 and a 1-year high of $10.40.

Pivotal Acquisition (NYSE:PVT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter. As a group, analysts forecast that Pivotal Acquisition will post -0.76 earnings per share for the current year.

Pivotal Acquisition Company Profile

Pivotal Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded in 2018 and is based in New York, New York.

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