Benchmark Reiterates Buy Rating on Rivian Automotive Inc (RIVN)

Benchmark analyst Mickey Legg reiterated a Buy rating and $18.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst commented, "We hosted an investor call with Rivian’s VP of Finance, Derek Mulvey, yesterday and came away confident in the company’s growth trajectory, operational execution, and ability to scale production into the R2 launch. Commentary reinforced our view that Rivian is positioned to leverage its technology, brand, and partnerships to capture meaningful share in the premium EV market while expanding into more affordable segments. We believe our thesis behind RIVN’s multi-year product roadmap, software-driven differentiation, and strategic partnerships remains intact and further underpins our conviction in its ability to scale profitably and command a premium valuation multiple relative to peers. In our view near-term volatility from policy shifts is outweighed by the medium-term production and margin expansion opportunity. Maintain Buy & $18.00 price target."

For an analyst ratings summary and ratings history on Rivian Automotive Inc click here. For more ratings news on Rivian Automotive Inc click here.

Shares of Rivian Automotive Inc closed at $12.28 yesterday.

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