Rivian Gets A Thumbs-Up From Jim Cramer For Investment-Worthy Potential: 'This Is One Unbelievably Positive Note'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, host of CNBC’s “Mad Money”, has recommended Rivian Automotive Inc. (NASDAQ:RIVN) as a potential investment opportunity in the electric vehicle sector. This follows a positive outlook from Baird, an independent investment bank, which expects Rivian to surpass third-quarter delivery estimates due to improved margins and increasing demand. Baird maintained an outperform (buy) rating on Rivian’s stock with a price target of $30 per share, a 42% premium to its current price of approximately $21.
September 27, 2023 | 3:04 am
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NEUTRAL IMPACT
Ford Motor Company, which is actively expanding its own EV business, is mentioned as a company that the CNBC Investing Club owns shares of. However, the news does not directly impact Ford's stock.
While Ford is mentioned in the article, it is only in the context of the CNBC Investing Club's portfolio. The news does not provide any new information or developments about Ford that would impact its stock in the short term.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
POSITIVE IMPACT
Rivian's stock is expected to perform well due to a positive outlook from Baird and a recommendation from Jim Cramer. Baird maintains an outperform rating on Rivian with a price target of $30 per share.
The positive outlook from Baird and the recommendation from Jim Cramer, a well-known financial analyst, are likely to increase investor interest in Rivian. This, combined with Baird's outperform rating and a price target that represents a 42% premium to the current price, suggests a positive short-term impact on Rivian's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100