Rivian Gets First Rating. It’s a Buy and $130 Price Target.

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Updated Dec. 5, 2021 4:55 p.m. ET / Original Dec. 5, 2021 9:51 americium ET

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Courtesy Rivian

The Rivian ratings deluge has started. Investors should beryllium happy.

Rivian Automotive (ticker: RIVN) picked up its archetypal rating. It’s a Buy from Wedbush expert Dan Ives. His terms people is $130, astir 25% higher than wherever Rivian closed for trading connected Friday.

Ives calls Rivian an “EV stalwart successful the making,” adding the institution “looking...

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