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North America and Europe lead surge in global EV demand

July 5, 2023 9:41 AM EDT

Analyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More

Needham raises estimates on Rivian (RIVN), adds EV maker to Conviction List

July 5, 2023 7:58 AM EDT

Needham reiterated a Buy rating on Rivian (NASDAQ: RIVN) and raised their 12-month price target for the stock to $28.00 (From $26.00) after the electric automaker reported their 2Q production and delivery results. Needham also decided to add RIVN to its Conviction List (replacing ACVA).

RIVN reported Q2 production of ~14k vehicles, representing an... More

DA Davidson Upgrades Rivian Automotive Inc (RIVN) to Neutral, 'The Headlines Gradually Turn Positive'

July 5, 2023 7:35 AM EDT

DA Davidson analyst Michael Shilsky upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Underperform to Neutral with a price target of $18.00 (from $11.00).

The analyst comments "We are upgrading RIVN to NEUTRAL (from UNDERPERFORM) as the cadence of headlines on the company begins to shift... More

Rivian Automotive Inc (RIVN) PT Raised to $28 at Needham & Company, Adds to Conviction List

July 5, 2023 5:25 AM EDT

Needham & Company analyst Chris Pierce raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $26.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating, add RIVN to the Needham Conviction List (replacing ACVA), and raise our... More