Rivian Automotive Inc. experienced a notable surge in its stock value following an upgrade by Piper Sandler analyst Alexander Potter. Potter upgraded Rivian's rating from Neutral to Overweight and increased the price target from $15 to $21, suggesting a 96% upside from the stock's closing price on Thursday. The analyst's decision was influenced by Rivian's recent product launch and a strategic delay in capital spending. MarketWatch highlighted the stock as a risky but worthwhile investment, while Barron's Online pointed out three compelling reasons to buy Rivian stock after the upgrade.
$RIVN looks like a sharp bounce Piper upgrade works The firm also upped its price target to $21 from $15, suggesting 96% upside from Thursday’s close. Analyst Alexander Potter cited Rivian’s new product launch and its decision to delay capital spending for the call. https://t.co/RilSXxy7AL
$RIVN Piper Sandler upgrades Rivian to overweight from neutral Piper said investors should buy the dip in shares of the EV company. “After watching last week’s live stream, re-assessing our capex outlook, and considering the post-Q4 selloff, we feel compelled to upgrade RIVN from…
Rivian Stock Rises After Upgrade. 3 Compelling Reasons to Buy. https://t.co/SBmSX6ok31
Rivian’s stock is a risky bet. Why this analyst now says it’s one worth making. https://t.co/dUuUTg20os
$RIVN | Rivian Stock Jump-Starts With Analyst Upgrade After The Bell Piper Sandler analyst Alexander Potter upgrades Rivian from Neutral to Overweight and raises the price target from $15 to $21. https://t.co/PF1JrILRLG