UPDATE: Wolfe Research Starts Rivian Automotive Inc (RIVN) at Outperform

December 6, 2021 7:15 AM EST
Get Alerts RIVN Hot Sheet
Price: $29.53 -0.61%

Rating Summary:
    13 Buy, 6 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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(Updated - December 6, 2021 7:16 AM EST)

Wolfe Research initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Outperform rating and a price target of $130.00.

The analyst comments "We are initiating coverage of Rivian with an Outperform and $130 target price. Not since the formative days of Tesla have we seen such a strong bench at a startup OEM… extending well beyond design, vehicle engineering, and manufacturing, to EV drivelines, batteries, software, artificial intelligence, and compute… competencies that will likely become even more critical to an OEM’s success in the future."

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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