The Fly

Rivian Automotive initiated with an In Line, $35 target at Evercore ISI

Evercore ISI analyst Chris McNally initiated coverage of Rivian Automotive with an In Line rating and $35 price target. Rivian represents the largest and most well-funded company of the 3 new EV entrants he is launching coverage on, with its R1T pickup garnering "rave reviews" and the R1S SUV launch ongoing, McNally said. Though he started the stock with an In Line rating this is "with a positive bias" as he believes a catalyst path exists progressing through 2023, McNally added.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

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