Exane BNP Paribas upgrades Rivian Automotive to 'outperform' with a price target of $30.00

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Exane BNP Paribas upgrades Rivian Automotive to 'outperform' with a price target of $30.00
Credit: © Reuters.

An analyst from Exane BNP Paribas upgraded Rivian Automotive (NASDAQ: RIVN ) from 'neutral' to 'outperform' with a price target of $30.00.

Prior to this rating, Rivian Automotive had 15 buy ratings, 8 hold ratings, and 0 sell ratings.

For consensus analyst estimates and price targets on Rivian Automotive, click here. For more news on Rivian Automotive, click here.

Rivian Automotive's stock price closed at $21.91. They are down -14.15% in the last month and down -43.68% in the last 12 months.

According to Investing Pro, Rivian Automotive's fair value is $25.86, an upside of 18.04%. Rivian Automotive's fair value comes with a high degree of uncertainty, according to InvestingPro.

Check out Rivian Automotive's recent earnings performance and financials here.

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