R1T Demand Spurs Needham’s Bullish Outlook on Rivian

Needham Bullish on Rivian as R1T Demand Surges

Investment banking firm Needham has reiterated its Buy rating and set a price target of $25.00 for Rivian Automotive Inc. (NASDAQ: RIVN) after conducting a survey on R1T inventory and updating its Used Vehicle Price Tracker. The survey results have strengthened Needham’s confidence in the demand for Rivian’s R1T electric pickup truck, as well as its sister model, the R1S SUV.