Needham Reiterates Buy on Rivian Automotive, Maintains $31 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Chris Pierce has reiterated a 'Buy' rating on Rivian Automotive (NASDAQ:RIVN) and maintained a price target of $31.
August 24, 2023 | 9:32 am
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POSITIVE IMPACT
Rivian Automotive's stock rating has been reiterated as 'Buy' by Needham analyst Chris Pierce, with a maintained price target of $31.
The reiteration of a 'Buy' rating by a reputable analyst like Chris Pierce from Needham is a positive signal for investors. The maintained price target of $31 also indicates a positive outlook for the stock. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100