Baird Maintains Outperform on Rivian, $23 PT
Baird analyst Ben Kallo reiterated an Outperform rating and $23 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“Positive outlook unchanged following showroom visit and IR catch-up. We hosted investors for a visit to one of RIVN’s Bay Area showrooms and a meeting with Chip Newcom, VP of IR.
The R2 was at the center of our meeting (literally) and early indications from customers, investors, and media outlets have been positive.
Key topics from our meeting included R2 demand, autonomous development milestones, and RIVN’s core partnerships. Our estimates, price target, and positive outlook are unchanged following the visit.”
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.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
