As I'm posting this Rivian's stock is up to $61.79 an increase of $4.67 (8.18%).
Morgan Stanley's EV expert, Adam Jonas says the stock has a "Buy" rating with a $147 price target. Is this a realistic target for Riivan?
insideevs.com
Rivian stock is going through turbulent times as of late. Following the firm's November IPO at $78 a share, prices surged to $172 before suddenly dipping back down to around $100. Then came the general stock sell-off, and now RIVN is at just $57.12 as of writing. That makes the company worth around $50 billion - roughly half the value of Ford.
Rivian is, as you probably know, delivering a small number of vehicles at the moment and has overcame the biggest hurdle of any automotive startup - reaching production. It also has backing from Ford and Amazon, and reviews of the R1T pickup have generally been very positive.
Morgan Stanley's in-house EV expert, Adam Jonas, had the following to say:
Morgan Stanley's EV expert, Adam Jonas says the stock has a "Buy" rating with a $147 price target. Is this a realistic target for Riivan?

Rivian Stock Poised For Surge After 45% Decline Since IPO
Rivian stock could be set for a 160% surge following a 45% decline in value since their November IPO.

Rivian stock is going through turbulent times as of late. Following the firm's November IPO at $78 a share, prices surged to $172 before suddenly dipping back down to around $100. Then came the general stock sell-off, and now RIVN is at just $57.12 as of writing. That makes the company worth around $50 billion - roughly half the value of Ford.
Rivian is, as you probably know, delivering a small number of vehicles at the moment and has overcame the biggest hurdle of any automotive startup - reaching production. It also has backing from Ford and Amazon, and reviews of the R1T pickup have generally been very positive.
Morgan Stanley's in-house EV expert, Adam Jonas, had the following to say:
Jonas currently has a "Buy" rating on Rivian with a $147 price target.