RBC Capital keeps a Sector Perform rating and $14 price target after attending the company’s Autonomy and AI Day. The Autonomy+ offering has potential to boost margins, though the low take-rates may persist without an eyes-off solution, the analyst tells investors in a research note. RBC adds that while the advancements enhance Rivian’s (RIVN) product offering, they do not address the company’s ongoing concerns around liquidity and R2/R3 profitability.
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