Rivian Is A 'Long-Term Winner' With Established Corporate Order Pipeline: Analyst

Loading...Loading...Needham analyst Chris Pierce reiterated the Buy rating on Rivian Automotive, Inc. RIVN, raising the price forecast to $20 from $13.The analyst sees Rivian as a long-term winner in the eventual ICE (Internal Combustion Engine) to EV transition, leaning on its ability to create a brand and produce vehicles that drive high customer passion and satisfaction.Pierce writes that Rivian’s strategic focus on cost savings through engineering optimizations, supplier relationships, and factory effic ...