Volkswagen's Rivian Investment 'De-Risks' Future Growth Plans But 'Funding Isn't Free': 7 Analysts Size Up JV News Against 'Challenging Backdrop For EVs'

Benzinga · Jun 26 23:55

Shares ofRivian Automotive(NASDAQ:RIVN) are trading higher Wednesday on the heels of an announced $5-billion investment byVolkswagen AG(OTC:VWAGY).

Analysts are evaluating the new investment and previewing Rivian's investor day, which is set for Thursday.

The Rivian Analysts:Truist analyst Jordan Levy has a Hold rating and raised the price target from $10 to $13.

Bank of America analyst John Murphy has a Buy rating and $21 price target.

JPMorgan Chase analyst Ryan Brinkman has an Underweight rating and raised the price target from $10 to $14.

DA Davidson analyst Michael Shlisky has a Neutral rating and $12 price target.

Morgan...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

Volkswagen's Rivian Investment 'De-Risks' Future Growth Plans But 'Funding Isn't Free': 7 Analysts Size Up JV News Against 'Challenging Backdrop For EVs'

Risk Disclaimer