RBC Capital Reiterates Sector Perform Rating on Rivian Automotive Inc (RIVN)

RBC Capital analyst Tom Narayan reiterated a Sector Perform rating and $14.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst comments "We applaud Rivian for its autonomy pivot especially given our view that level 3 autonomy will be a critical step for all OEMs. Its goal of in-sourcing could make autonomy a profit center, which is important especially given the company's liquidity situation. All that said, while we see December 11's event as important, being able to scale R2/R3 profitably will be far more critical for investors."

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 $17.53 yesterday.

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