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RBC Capital Stick to Their Buy Rating for Rivian Automotive

Published 12/21/2021, 02:17 AM


RBC Capital analyst Joseph Spak maintained a Buy rating on Rivian Automotive on Thursday, setting a price target of $165, which is approximately 83.37% above the present share price of $89.98.

Spak expects Rivian Automotive to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.

The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Rivian Automotive, with an average price target of $134.64.
The analysts price targets range from a high of $170 to a low of $94.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of $0. The company's market cap is $87.96 billion.

According to TipRanks.com, RBC Capital analyst Joseph Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.6% and a 52.55% success rate.

Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.

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