EV market, competition, demand, and headwinds: Analyst discusses China, Europe, and U.S. markets
- Update Date:
- Post Date:
Stifel Managing Director Stephen Gengaro spoke with Yahoo Finance anchor Josh Lipton about the outlook for the electric vehicle market. Stifel analysts initiated coverage of electric vehicle maker Rivian (RIVN) with a “Buy” rating and a $23 price target this week. Gengaro highlighted Rivian’s increasing brand awareness and partnerships as key strengths compared to Tesla and Lucid. Specifically, Rivian’s R1S SUV and R1T pickup truck are driving awareness and demand. A partnership with Amazon (AMZN) to produce electric delivery vans leverages Rivian’s EV capabilities. Additionally, the planned 2026 launch of Rivian’s R2 vehicle — an affordable crossover — capitalizes on interest in a practical and desired electric option. While the […]