Rivian Will Emerge as Big Winner as Robotaxi Market Grows, Says Piper Sandler

Uber Agrees to Invest up to $1.2 Billion in Rivian and Purchase up to 50,000 R2s. Here's Why Rivian May Be a Sneaky Robotaxi Winner.

The deal with Uber is an early test for Rivian that can unlock a wave of new revenue opportunities through robotaxis.

Rivian will emerge as big winner as robotaxi market grows, says Piper Sandler

The electric vehicle manufacturer is set to be a key player in future markets thanks to vertical integration, the investment firm said.

Rivian Stock Jumps After Piper Sandler Upgrades Rating, Increases Target

Piper Sandler upgraded Rivian to Overweight from Neutral on Monday, raising its price target to $20 from $18, according to a new client note first obtained by Price Target. Separately, the firm cut Stellantis to Underweight from Overweight, slashing its target to $4 from $14. Rivian shares rose 3.4% to $16.37 in early Monday pre-market trading, nearly erasing Friday’s 3.8% drop to $15.84. At the pre-market level, the stock sits within a dime of …