Needham Reiterates Buy on Rivian Automotive, Maintains $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce has reiterated a 'Buy' rating on Rivian Automotive (NASDAQ:RIVN) and maintained a price target of $31.
October 10, 2023 | 10:42 am
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Rivian Automotive's stock has been reiterated as a 'Buy' by Needham analyst Chris Pierce, with a maintained price target of $31.
The reiteration of a 'Buy' rating by a Needham analyst is a positive signal for Rivian Automotive. The maintained price target of $31 indicates the analyst's confidence in the company's potential. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100