Rivian (RIVN) Needs to Raise Money, Says Jim Cramer

Core Viewpoint - Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing positive analyst sentiment with increased share price targets, but concerns about the need for capital raise persist [1][2]. Analyst Coverage - Goldman Sachs raised its share price target for Rivian on December 12, leading to a 12% increase in share price on that day [1]. - Evercore ISI reiterated an Outperform rating with an $18 price target on December 15, citing progress in Rivian's autonomous driving platform and the potential cost benefits of in-house chip development [1]. - Baird raised its price target from $14 to $25 and upgraded the rating to Outperform, highlighting the optimistic outlook due to the R2 upgrade cycle and custom chips [1]. Jim Cramer's Commentary - Jim Cramer expressed skepticism about Rivian, stating that the company needs to raise money, indicating concerns about its financial position [2].