Rivian-Volkswagen Partnership A 'Game-Changer,' Says One Analyst: A 'Mystery,' Says Another

Quick Summary:

Piper Sandler on Rivian: Potter is bullish on Rivian on the back of its partnership with Volkswagen.“We still view the recently-announced JV with Volkswagen as a game-changer, and not just because VW’s scale ...

Two analysts had polarizing reactions about electric vehicle (EV) startup Rivian Automotive Inc (NASDAQ:RIVN) following its investor day and up to $5 billion joint venture with Volkswagen.

Piper Sandler analyst Alexander Potter reiterated an Overweight rating, maintaining a $21 price target.D.A.

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Article Details

Author / Journalist: Hayden Buckfire

Category: Technology

Markets: United States

Topics: Benzinga Expert Ideas Tech Mobility Stories That Matter Equities Electric vehicles RIVN EVs Movers Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 20:37:26 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21412115

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