RBC Capital Just Raised Its Price Target on Rivian (RIVN) Stock

Electric vehicle (EV) maker Rivian (NASDAQ:RIVN) had its price target raised by RBC Capital following its deal with Volkswagen (OTCMKTS:VWAGY).The German auto giant formed a joint venture with the American company that could be worth $5 billion. Volkswagen is putting$1 billion of cash into Rivian and forming a joint venture around its technology both companies will draw from.The deal initially sent RIVN stock up 25%, but it has since fallen back. It opened today at $14.26 per share, with a market capitaliz ...