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0 0 0.000896458987001485 0.00448229493500679 0.00493052442850753 0.00358583594800546 -0.00349619004930522 0.00493052442850753
Stock impact report

Rivian (RIVN) Needs to Raise Money, Says Jim Cramer [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian Automotive, Inc. (NASDAQ:RIVN) is a California-based electric vehicle company. The firm's shares saw quite a bit of action last week after Goldman Sachs increased its share price target on December 12th. Rivian Automotive, Inc. (NASDAQ:RIVN)'s shares closed 12% the day of Goldman's coverage. After Goldman Sachs, Evercore ISI joined in and reiterated an Outperform rating and an $18 share price target on December 15th. Evercore explained that Rivian Automotive, Inc. (NASDAQ:RIVN) appears to be heading in the right direction with its autonomous driving platform. The investment bank added that the firm's decision to build its in-house chip could accelerate autonomous driving and reduce long-term costs, particularly due to a lower reliance on NVIDIA's products. The latest analyst coverage for Rivian Automotive, Inc. (NASDAQ:RIVN) came after Baird raised the share price target to $25 from $14 and bumped the rating to Outperform from Neutral. As per Baird, the R2 upgrade cycle, couple Show less Read more
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