Equity research analyst at The Benchmark Company Mickey Legg initiated coverage on EV startup Rivian Automotive Inc. (NASDAQ:RIVN) on Monday with a “buy” rating and $18 price target. What Happened: "Rivian is well-positioned to gain significant share of a massive market opportunity in the coming decade," Legg wrote, as reported by Barron’s. "After a pause this year, domestic EV production is expected to improve in 2025 and further accelerate in …

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Rivian Stock Surges Over 11% After Analyst Says It Is 'Well-Positioned To Gain Significant Share' - Rivian Automotive (NASDAQ:RIVN)

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Benchmark starts coverage with a buy rating and price target offering a 38% upside.

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MarketWatch

Murdoch family

Rivian’s stock soars 13% after it’s named a strong contender in EV market over next 10 years

Benchmark initiates coverage on Rivian Automotive with a Buy rating and $18 price target, citing growth potential in EV market.

Seeking Alpha

Rivian Automotive jumps to three-month high after Benchmark says its EV future is bright

Rivian Automotive (NASDAQ: RIVN), a producer of electric pickups, SUVs, and delivery vans, went public just over three years ago. It soared from its IPO price of $78 to $106.75 on its first trade before setting a record high of $172.01 just a week later. But today, Rivian trades at about $15. Like many other EV makers, it lost its luster as it grappled with supply chain issues, struggled to meet its own production goals, and racked up steep loss…

The Motley Fool

Alexandria

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Where Will Rivian Automotive Stock Be in 3 Years? @themotleyfool #stocks $RIVN $VWAP.Y

Rivian Automotive (NASDAQ:RIVN) Stock Price Down 1.7%  - Time to Sell?

marketbeat.com

Rivian’s (RIVN) stock is trending again after the EV maker earned a big analyst upgrade on Monday. With a “massive market opportunity” ahead of it, Rivian may have what it takes to be a real player in the EV market. more…

Electrek

Rivian (RIVN) stock is trending on analyst prediction of 'massive' EV market gains

Shares of the EV maker Rivian surged over 15% on early Monday after Benchmark analyst Mickey Legg announced that the firm initiated coverage on the stock with a Buy rating and a price target of $18.00 implying a 38% upside potential.

ELECTRIC VEHICLES

Rivian Shares Surge as Benchmark Sees 38% Upside Potential

Rivian experienced a tumultuous year, but new analysis suggests substantial growth opportunities ahead for the electric vehicle manufacturer. Benchmark analyst Michael Legg asserts that Rivian is poised to capture significant market share in the extensive EV sector, which is projected to expand dramatically in the coming years, according to a Yahoo! Finance report. Rivian’s potential growth in electric vehicle market examined The growth potentia…

Dataconomy

Rivian stock climbs on new analyst praise: Is now the time to buy?

Rivian's (RIVN) stock is trending again after the EV maker earned a big analyst upgrade on Monday. With a "massive market opportunity" ahead of it, Rivian may have what it takes to be a real player in the EV market. more . . .

technewstube.com

Rivian (RIVN) stock is trending on analyst prediction of ‘massive’ EV market gains

Rivian, an electric vehicle (EV) contender, witnessed a surge in its stock price, closing 11.2% higher. This significant leap follows Benchmark’s optimistic coverage, setting an $18 price target. Despite facing manufacturing challenges and projected losses this year, Rivian is navigated towards a promising future, supported by strategic partnerships.… Read the rest The post Rivian’s Stock Skyrockets! Game-Changing Deals and Profitable Future app…

Rivian Stock Surges Over 11% After Analyst Says It Is 'Well-Positioned To Gain Significant Share' - Rivian Automotive (NASDAQ:RIVN)

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