Rivian’s Price Target Raised at Barclays 
<p>Barclays analysts, while maintaining an Overweight rating, revised their price target for <a href='https://financialmodelingprep.com/financial-summary/RIVN'>Rivian Automotive (NASDAQ:RIVN)</a> to $30.00, up from $22.00. The analysts expect Rivian to exceed expectations in Q2, primarily driven by stronger-than-anticipated deliveries. This performance is likely to contribute to improved gross margin results through the absorption of fixed costs, combined with ongoing operational improvements. </p>
<p>Despite a recent surge in the stock's value, analysts believe there is still potential for further growth as investors become increasingly confident in Rivian's ability to reach breakeven. Additionally, the analysts noted the emergence of a momentum trade, with Rivian positioned as an electric vehicle (EV) alternative to Tesla. Given Tesla's significant gains in recent months, investors may find Rivian an appealing option.</p>

NASDAQ:RIVN