Reported 12 months ago
Rivian stock saw a 3.9% increase in share price after analysts at RBC Capital and Canaccord raised their price targets. RBC Capital raised the one-year price target to $14 per share, citing the deal with Volkswagen and potential shift to positive gross margins as positive factors. On the other hand, Canaccord Genuity upgraded Rivian's rating to buy and increased the one-year price target to $30 per share, highlighting the significance of Volkswagen's investment and expecting a valuation turnaround.
Source: YAHOO