UPDATE: Piper Sandler Starts Rivian Automotive Inc (RIVN) at Overweight

EV Rivian (RIVN) Shares Dip as Street Starts New Coverage With Mixed Ratings, Goldman Sachs and JPMorgan Initiate at Neutral Citing Lofty Valuation

Shares of Rivian (NASDAQ: RIVN) are down about 1.5% in pre-open Monday after Wall Street analysts initiated research coverage of the EV company.

In the most successful IPO since 2014, Rivian went public last month after it sold 153 million shares at $78.00 each to value the EV company at $66.5 billion. However, shares opened at $106.75 on November 10 before closing at $106.75.

On Friday, Rivian share price closed at $104.67 which translates into an $89.27 billion valuation. Rivian raised almost $12 billion that will be used to further fuel growth.

Today, at least 12 Wall Street analysts started research... More

Barclays Starts Rivian Automotive Inc (RIVN) at Equalweight

Barclays analyst Brian Johnson initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Equalweight rating and a price target of $120.00.

The analyst comments "With its initial off-road capable B2C vehicles - the R1T and R1S - Rivian is building a... More

Mizuho Securities Starts Rivian Automotive Inc (RIVN) at Buy

Mizuho Securities analyst Vijay Rakesh initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Buy rating and a price target of $145.00.

The analyst comments "We are initiating coverage on Rivian (RIVN) with BUY-PT$145. 15 years after Tesla, RIVN is redefining the... More

UPDATE: JPMorgan Starts Rivian Automotive Inc (RIVN) at Neutral

(Updated - December 6, 2021 4:09 AM EST)

JPMorgan analyst Ryan Brinkman initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Neutral rating and a price target of $104.00.

The analyst comments "We are initiating coverage on shares of start-up battery electric vehicle manufacturer Rivian Automotive (RIVN) with a Neutral rating and $104 December 2022... More

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... More

Wedbush Starts Rivian Automotive Inc (RIVN) at Outperform

Wedbush analyst Daniel Ives initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Outperform rating and a price target of $130.00.

For an analyst ratings summary and ratings history on Rivian Automotive Inc... More

UPDATE: Deutsche Bank Starts Rivian Automotive Inc (RIVN) at Buy

(Updated - December 6, 2021 6:15 AM EST)

Deutsche Bank analyst Emmanuel Rosner initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Buy rating and a price target of $130.00.

The analyst comments "We initiate coverage of Rivian with a Buy rating and $130 price target, as we believe the company... More

UPDATE: Baird Starts Rivian Automotive Inc (RIVN) at Outperform

(Updated - December 6, 2021 6:14 AM EST)

Baird analyst George Gianarikas initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Outperform rating and a price target of $150.00.

The analyst comments "Rivian has an opportunity to formidably challenge Teslas market dominance. The company has... More

UPDATE: Goldman Sachs Starts Rivian Automotive Inc (RIVN) at Neutral

(Updated - December 6, 2021 4:46 AM EST)

Goldman Sachs analyst Mark Delaney initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Neutral rating and a price target of $94.00.

The analyst comments "We are initiating coverage on Rivian Automotive (RIVN) with a Neutral rating and 12-month price target of $94. We believe that Rivian has an... More

Morgan Stanley Starts Rivian Automotive Inc (RIVN) at Overweight

Morgan Stanley analyst Adam Jonas initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Overweight rating and a price target of $147.00.

For an analyst ratings summary and ratings history on Rivian Automotive Inc... More