Wells Fargo analyst Colin Langan raised the firm’s price target on Rivian Automotive (RIVN) to $18 from $10 on improved liquidity and cost actions, while keeping an Equal Weight rating on the shares. The firm is adjusting its estimates to reflect various updates around deliveries, added liquidity, and potential savings from Volkswagen (VWAGY) joint venture.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Penny Stock Cyngn (CYN): A Rising Star in Autonomous Vehicle Technology
- Rivian Automotive price target raised to $16 from $14 at Barclays
- What You Missed This Week in EVs and Clean Energy
- Rivian call volume above normal and directionally bullish
- Rivian Automotive price target raised to $15 from $11 at Mizuho