2022-09-28 16:13:57 RIVN Rivian Automotive
Amazon.com
09/28/22 09/2816:13 09/28/2216:13 | Truist starts 'diversified mobility powerhouse' Rivian Automotive at BuyTruist analyst Jordan Levy initiated coverage of Rivian Automotive (RIVN) with a Buy rating and $65 price target. The company has only started delivering its vehicles, but investors will soon see Rivian not just as an EV manufacturer but as a "next generation diversified mobility tech powerhouse", the analyst tells investors in a research note. The company's experienced management should not be overlooked as CEO RJ Scaringe has assembled a team whose expertise spans a broad range of business segments, Levy adds, further stating that in its partnership with Amazon.com (AMZN), Rivian not only has a strategic advantage over EV competitors but also a better position to compete with incumbent OEMs in the commercial market. Rivian Automotive
Amazon.com
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