CCanaccord Genuity RRivian · RIVN
Canaccord Reiterates Buy on Rivian, $22 PT
Rating
Buy
Price target
$22
Previous
—
Implied upside
+28%
Canaccord analyst George Gianarikas reiterated a Buy rating and $22.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“The US lacks any true EV alternative to Tesla; there’s a massive chasm between MuskCo. and second place, in our view.
Rivian could provide a viable mass market #2.
As other OEMs retreat from EV commitments — either by design or compelled by demand issues — we believe Rivian has a unique, timely opportunity to push forward, pull ahead of the non-Tesla pack, and establish itself as the next American auto icon.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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