Needham keeps a Buy rating and $25 price target on Rivian while naming the stock to the firm’s Conviction List. The firm is positive on the name after surveying the company’s R1T inventory and updating its EV Used Vehicle Price Tracker, stating that its confidence in R1T demand increases as both the R1T and the R1S continue to outperform. Needham adds that it views Rivian’s Q4 data positively, with increased sequential production serving up another datapoint showing the company’s manufacturing progress.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RIVN:
- Top Analyst Pounds the Table on Rivian Stock
- Rivian Stock Had a Great December, but 2024 Could Be Worse, Says Analyst
- Apple downgraded, Micron upgraded: Wall Street’s top analyst calls
- Rivian Automotive downgraded to Peer Perform at Wolfe Research
- Rivian Automotive downgraded to Peer Perform from Outperform at Wolfe Research