Piper Sandler Upgrades Rivian Automotive to Overweight, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Potter upgraded Rivian Automotive (RIVN) from Neutral to Overweight and increased the price target from $15 to $21.

March 15, 2024 | 8:43 am
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Rivian Automotive was upgraded by Piper Sandler from Neutral to Overweight with a price target increase from $15 to $21.
The upgrade from Neutral to Overweight by a reputable analyst, along with a significant increase in the price target, is likely to instill confidence among investors and could lead to a short-term increase in RIVN's stock price. Analyst ratings and price target adjustments are known to influence market perception and investor behavior, potentially leading to price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100