Rivian shares are trading higher after Needham raised the price target on the stock from $26 to $28. The company reported Q2 production figures on Monday.
Portfolio Pulse from Benzinga Newsdesk
Rivian's stock price is trading higher following Needham's decision to raise the price target from $26 to $28. This comes after Rivian reported its Q2 production figures.
July 05, 2023 | 10:12 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rivian's stock price is likely to increase in the short term due to Needham's raised price target and positive Q2 production figures.
Needham's raised price target indicates a positive outlook for Rivian's stock. This, combined with the company's positive Q2 production figures, is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100