Rivian Automotive shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $15 to $21.
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's stock (RIVN) experienced an increase in value following an upgrade by Piper Sandler from Neutral to Overweight, along with a raise in the price target from $15 to $21.
March 15, 2024 | 12:31 pm
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POSITIVE IMPACT
Rivian Automotive's stock saw a positive movement after Piper Sandler upgraded the stock to Overweight and increased the price target to $21.
The upgrade by Piper Sandler from Neutral to Overweight signifies a strong vote of confidence in Rivian Automotive's future prospects. Additionally, raising the price target from $15 to $21 indicates an expectation of significant growth, which can positively influence investor sentiment and potentially drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100