UPDATE: RBC Capital Starts Rivian Automotive Inc (RIVN) at Outperform

(Updated - December 6, 2021 7:21 AM EST)

RBC Capital initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Outperform rating and a price target of $165.00.

The analyst comments "We are initiating on RIVN with an Outperform rating, $165 price target. Rivian has category defining vehicles with a focus on the key truck segment that should allow for 50% revenue CAGR through end-of-decade. A clean-sheet approach and strong tech will allow RIVN to eventually use the vehicle as a platform for higher-margin software & services."

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 $97.81 yesterday.

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