VLKAF - Rivian Is A 'Long-Term Winner' With Established Corporate Order Pipeline: Analyst | Benzinga
Needham analyst Chris Pierce reiterated the Buy rating on Rivian Automotive, Inc. (NASDAQ:RIVN), raising the price forecast to $20 from $13.
The analyst sees Rivian as a long-term winner in the eventual ICE (Internal Combustion Engine) to EV transition, leaning on its ability to create a brand and produce vehicles that drive high customer passion and satisfaction.
Pierce writes that Rivian’s strategic focus on cost savings through engineering optimizations, supplier relationships, and factory efficiencies aims to boost gross margins.
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