RBC analyst Tom Narayan raised his price target on the EV stock to $14 from $11. BofA analyst John Murphy issued positive research as well.
Rivian and VW announced a joint project this week, with the former receiving $5 billion in investment. This allays investor concerns about the EV maker — and consumer ones as well. When you buy a car, you want the company to stick around.
Analysts weigh in on prospects for Exxon Mobil, Campbell Soup, Rivian, Kyndrl, and Brinker International.