Guggenheim Just Set an $18 Price Target on Rivian (RIVN) Stock

After encountering some rough trading sessions, electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN) enjoyed a strong performance on Tuesday. Part of the sentiment may be attributed to Guggenheim. The bank’s analysts earlier in the day initiated coverage of RIVN stock with an optimistic view and per-share price forecast.According to Investing, the Wall Street experts rated Rivian shares a “buy” with an $18 price target. In a research note to clients, the investment firm remarked that it’s opti ...