Rivian Automotive (RIVN) option implied volatility flat as share price down 11%

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Jefferies on Rivian Automotive Inc (RIVN): 'Visit to Palo Alto - Gen 2 Ramp-up Slowed by Supplier'

September 23, 2024 6:00 AM EDT

Jefferies analyst Philippe Houchois reiterated a Buy rating and $17.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst comments "We visited Rivian in Palo Alto last week as part of the Jefferies Convertible-Debt Bus Tour. CFO Claire McDonough reviewed the broader investment case, the software JV with VW and updated the... More