Rivian says lower-cost second generation EVs to help in push for profitability

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Go back to Rivian says lower-cost second generation EVs to help in push for profitability

Rivian Automotive Inc (RIVN) PT Raised to $14 at RBC Capital

July 1, 2024 6:36 AM EDT

RBC Capital analyst Joseph Spak raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $14.00 (from $11.00) while maintaining a Sector Perform rating.

The analyst comments "$2B in increased liquidity from VW should help Rivian bridge to R-2 and 2027. That said, we... More