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Stifel Stays Bullish on Rivian After Beating Its Own EBITDA Forecast by 41%
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Stifel Stays Bullish on Rivian After Beating Its Own EBITDA Forecast by 41%
Stifel reiterated a Buy rating and a $22.00 price target on Rivian on Monday, implying 29.6% upside from Friday’s close of $16.97. Analyst Stephen Gengaro wrote that Rivian’s second-quarter results and 2026 guidance support the firm’s positive view, and set out six supporting points alongside four he flagged to watch. The EV maker reported its second-quarter results on July 30. Rivian shares were trading slightly higher on Monday morning. What B…
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