Mizuho Just Raised Its Price Target on Rivian (RIVN) Stock
RIVNRivian Automotive(RIVN) Investor Place·2024-07-12 23:19

Mizuho analyst Vijay Rakesh just raised his Rivian (NASDAQ:RIVN) stock price target to 15from15 from 11, although that still represents a discount from current prices. The analyst reiterated his “neutral” rating.Rakesh noted that Rivian’s June deliveries of 13,790 vehicles surpassed the consensus analyst estimate for approximately 11,500 deliveries. At the same time, Rivian reiterated its 2024 delivery guidance for growth of low-single digits, which Rakesh believes is below the average analyst estimate for 6% g ...