What's Going On With Rivian Automotive Stock?
Portfolio Pulse from Erica Kollmann
Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after announcing its next-generation Rivian Adventure Network DC fast charging network, planning to open it to other EVs in 2024. The new charger accommodates various vehicle charging ports and supports rapid charging with 100% renewable energy. Rivian's stock has an average 1-year price target of $15.65, indicating a 69.37% upside, with mixed analyst ratings.
April 29, 2024 | 4:37 pm
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Rivian announced its next-gen fast charging network, planning to open it to other EVs in 2024, with a 69.37% upside in its 1-year price target.
The announcement of Rivian's next-generation fast charging network and the plan to open it to other EVs by 2024 is a significant positive development, indicating Rivian's commitment to expanding its infrastructure and supporting the broader EV market. The positive analyst ratings and the significant expected upside in its 1-year price target further support a bullish outlook for RIVN in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100