Rivian Is Entering Its R2 Era. The Stock Is a Buy for Baird.
Market Intelligence Analysis
AI-PoweredBaird analyst Ben Kallo upgraded Rivian's stock to Buy from Hold, citing the company's new models as a potential solution to weakening electric-vehicle demand, with a raised price target to $25 per share.
Market impact analysis based on bullish sentiment with 76% confidence.
Article Context
New models can overcome weakening electric-vehicle demand, making Rivian stock a buy for one Wall Street analyst heading into the new year. On Thursday, Baird analyst Ben Kallo upgraded his rating to Buy from Hold, and raised his price target to $25 a share from $14. Its R1 vehicles are R1S, an all-electric SUV, and the R1T, an all-electric pickup truck.
Analysis and insights provided by AnalystMarkets AI.