RIVN - Rivian Stock Is Rallying Monday: What's Driving The Action? | Benzinga
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher Monday after multiple analysts raised their price targets on the EV stock.
- Barclays analyst Dan Levy maintained Rivian with an Equal-Weight and raised the price target from $10 to $14.
- Canaccord Genuity analyst George Gianarikas maintained Rivian with a Buy and raised the price target from $20 to $30.
- RBC Capital analyst Tom Narayan maintained Rivian with a Sector Perform and raised the price target from $11 to $14.
- Goldman Sachs analyst Mark Delaney maintained Rivian with a Neutral and raised the price target from $11 to $14.
What To Know: In a new note to clients on Monday, Goldman’s Delaney provided key takeaways from Rivian’s investor day last week.
The analyst highlighted multiple product and technology updates that simplify the manufacturing process and help to reduce costs. Delaney also ...