Rivian Receives Jim Cramer's Approval for Investment-Worthy Potential: 'It's an Incredibly Positive Rating'

Host of CNBC "Mad Money" Jimmy To screw up has sharp in Rivian Automotive Inc. RIVN like A potential investment opportunity For those interested In THE electric vehicle (VE) sector, CNBC reported.

Rivian action jumped by 6% After earn A positive outlook Since Wall Street analysts. Baird, A multinational independent investment bank And financial services business, labeled Rivien as A "bullish Costs Choose. »

Baird waits Rivien has exceed third quarter delivery estimates, led by improved margins And increasing demand For It is some products. They maintained A surpass (buy) rating on Rivian action with A price target of $30 by share, representing a 42% prime has Monday closing price of approximately $21.

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React has THE optimistic outlook Since Wall Street, To screw up suggested investors keep A eye on Rivien.

"This East just A incredibly positive note," To screw up said.

THE CNBC Invest Club, while not Currently holding Rivien In It is wallet, do own actions by Ford Engine Business F, which East actively expansion It is own VE company.

As of THE most recent walk close, Rivian action was trade has around $21 by share.

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