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UBS sets $17 price target for Rivian

The Motley Fool +1 · ·by G4L

RIVN
RIVN Rivian Automotive Inc
$12.18 -4.84%
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  1. 1UBS forecasts a $17 price target for Rivian.
  2. 2Production improvements and software revenue support the business.
  3. 3Stock Advisor has recorded a total average return of 831% since inception.

So what's the key point?

UBS expects Rivian's stock price to rise to $17. This is because the company is expected to do well by improving production and earning money through software.

Source The Motley Fool +1 · View original ↗

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