Morgan Stanley Reiterates Their Buy Rating on Rivian Automotive (RIVN)

Morgan Stanley analyst Adam Jonas reiterated a Buy rating on Rivian Automotive (RIVNResearch Report) on March 11 and set a price target of $85.00. The company’s shares closed last Monday at $35.83.

According to TipRanks.com, Jonas is a 5-star analyst with an average return of 10.6% and a 51.2% success rate. Jonas covers the Consumer Goods sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Sonic Automotive.

Rivian Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $76.50, which is a 102.7% 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.

See the top stocks recommended by analysts >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.

Read More on RIVN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed