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Rivian stock price forecast: Stifel sees another 21% upside from here

Rivian Automotive Inc (NASDAQ: RIVN) has gained close to 25% over the past month but a Stifel analyst is convinced that’s just a drop in the bucket compared to where the stock is headed.
Rivian stock could climb to further to $23
Stephen Gengaro assumed coverage of the electric vehicles company this morning with a “buy” rating”. His $23 price objective suggests about a 21% upside from here.


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