Wedbush Maintains Outperform on Rivian Automotive, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives maintains an Outperform rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $15 to $20.
June 26, 2024 | 1:49 pm
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Wedbush analyst Daniel Ives has maintained an Outperform rating on Rivian Automotive and increased the price target from $15 to $20, indicating a positive outlook for the stock.
The increase in the price target from $15 to $20 by a reputable analyst suggests a positive outlook for Rivian Automotive. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100