Rivian Gets First Rating. Its a Buy and $130 Price Target. – Barrons

The Rivian ratings deluge has started. Investors should be happy.

Rivian Automotive (ticker: RIVN) picked up its first rating. It’s a Buy from Wedbush analyst Dan Ives. His price target is $130, almost 25% higher than where Rivian closed for trading on Friday.

Ives calls Rivian an “EV stalwart in the making,” adding the company “looking…

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