In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Rivian Automotive (RIVN – Research Report), with a price target of $95.00. The company’s shares closed last Wednesday at $45.87, close to its 52-week low of $33.46.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 29.0% and a 68.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rivian Automotive with a $76.08 average price target, a 63.7% upside from current levels. In a report issued on March 11, Wolfe Research also maintained a Buy rating on the stock with a $78.00 price target.
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Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.
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