Needham Reiterates Buy on Rivian Automotive, Maintains $13 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce reiterated a Buy rating on Rivian Automotive (NASDAQ:RIVN) and maintained a $13 price target. This reaffirms Needham's positive outlook on Rivian's stock.
May 08, 2024 | 11:37 am
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Needham analyst Chris Pierce reiterated a Buy rating on Rivian Automotive and maintained a $13 price target, indicating a positive outlook.
The reiteration of a Buy rating and maintenance of a $13 price target by a reputable analyst like Chris Pierce from Needham suggests a strong belief in Rivian's potential for growth or recovery. This endorsement could positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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