Why Rivian Stock Is Accelerating In Premarket Today

Loading...Loading...Shares of Rivian Automotive, Inc. RIVN are rising in premarket trading on Tuesday as they react to a positive analyst action.The Analyst: Guggenheim Securities analyst Ronald Jewsikow initiated coverage of the electric-vehicle startup with a Buy rating and a $18 price target, StreetInsider reported. The optimism is reportedly premised on a “compelling catalyst path that supports the firm’s R2/R3 optimism thesis.”Rivian hasn’t been immune to the EV industry-wide demand slowdown, and the c ...