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Already positive, the research from RBC and its analyst Tom Narayan still consider the stock as a Buy opportunity. The target price is still set at EUR 29.
Rivian's higher-than-expected revenue in its most recent quarter isn't enough for analysts to ignore higher spending and broader EV market headwinds.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Tom Narayan from RBC retains his positive opinion on the stock with a Buy rating. The target price is increased from EUR 24 to EUR 29.
Tom Narayan from RBC retains his positive opinion on the stock with a Buy rating. The target price remains set at EUR 24.