Rivian Automotive (RIVN 3.27%) impressed investors when it revealed both its second- and third-generation electric vehicles (EVs) at an event earlier this month. After a short-lived bounce in the stock following that announcement, the stock lost its momentum and is still down by more than 50% in 2024.Today, though, Piper Sandler analyst Alexander Potter upgraded Rivian stock to a buy rating from a prior hold recommendation. He also bumped his price target from $15 to $21 per share. That caused the stock to ...

Shares of electric vehicles manufacturer Rivian Automotive (RIVN 2.75%) got a 3.8% jump-start on Friday through 10:55 a.m. ET. You can thank investment banker Piper Sandler for that.Last night, after close of trading on a day when Rivian stock got clobbered for an 8% loss, Piper Sandler stepped in to save the day -- upgrading Rivian stock to an overweight rating and upping its price target on the EV stock to $21 per share. What the Wall Street analyst saidStreetInsider.com covered this story last night. As ...

Shares of electric vehicle (EV) maker Rivian (NASDAQ:RIVN) stock rose overnight after Piper Sandler upgraded the stock to “overweight” and raised its price target from $15 per share to $21. Rivian was up 3% overnight and due to open at $11.04 per share today. But that came after a loss of 8.7% yesterday.Why Buy Rivian Now?Rivian has been struggling against heavy losses and a slowing market for EVs. But analyst Alexander Potter says Rivian got 68,000 deposits for the new R2 in the 24 hours after it was unvei ...

Piper Sandler upgraded the shares of electric vehicle (EV) giant Rivian Automotive Inc (NASDAQ:RIVN) to "overweight" from "neutral," and hiked its price target to $21 from $15. The analyst cited the stock's valuation, as well as the company's cash, and its new vehicle platform -- the R2 SUV that will start at around $45,000. In response, RIVN is up 3.5% to trade at $11.10 in premarket trading.When we last covered Rivian stock, J.P. Morgan Securities initiated bullish coverage. We also noted that there was r ...

Rivian Automotive (RIVN -8.71%) investors had a traumatic Thursday, as news of rival Fisker's probable restructuring sent electric car investors scurrying for cover. However, no sooner had markets closed for the day (with Rivian stock trading down 8%) than a miracle happened:Riding in like a banker in bright shining armor, Piper Sandler analyst Alexander Potter announced he's upgrading Rivian to "overweight" -- and raising his price target to $21, implying this EV stock could nearly double in price over the ...

Rivian Automotive (RIVN -8.71%) hosted its next-generation vehicle presentation the morning of March 7, and its stock proceeded to pop 15.7% in the next two days. The rebound comes shortly after Rivian closed at an all-time low of just $10.07 per share on Feb. 23. As of market close on March 8, Rivian is still down over 45% year to date.Investors who have suffered through holding the stock probably want to know if Rivian is finally turning things around. And those who have been watching Rivian may want to k ...

Electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) is under significant pressure as the sector suffers from credibility challenges. With EV euphoria fading, RIVN stock has slumped in sympathy with other top-tier competitors, including Tesla (NASDAQ:TSLA) and Lucid (NASDAQ:LCID).Dominating business headlines Thursday are reports about a troubled EV maker hiring a consulting firm to assist in a possible bankruptcy filing. Inherently, such news will drag on related enterprises as investors look for any ne ...

Shares of Rivian Automotive (RIVN -8.58%) were trading lower on Thursday, a day after The Wall Street Journal reported that rival electric vehicle (EV) maker Fisker (FSR -54.95%) may be preparing to file for bankruptcy.As of 2 p.m. ET, shares of Rivian were down about 8.3% from Wednesday's closing price. Key rival Fisker is in dire straitsThe Journal reported on Wednesday afternoon that Fisker has "hired restructuring advisors to assist with a possible bankruptcy filing," news that sent the struggling elect ...

Rivian (NASDAQ:RIVN) stock has fallen more than 40% this year and could easily slide further. It has made only about 100,000 electric vehicles so far. Though the company is based in Irvine, California, it has plans to build a $5 billion production facility east of Atlanta.The Atlanta plant aims to produce the R3, a crossover that wowed reporters at its unveiling. But it won’t be built if Rivian can’t make the R2, also announced this month, at a profit. The R2 and RIVN StockThe Rivian R2 is described as “a $ ...

Last week, Rivian Automotive (RIVN -1.85%) unveiled not one, but two new prospective electric vehicles: The slimmed-down R2 electric SUV and an unexpected R3 electric hatchback. But investor beware: On Monday morning, investment bank UBS warned investors that not all is well with Rivian. Despite raising its price target a bit to account for the potential gains of having two new vehicles to sell, UBS nonetheless retained its sell rating on Rivian stock and set a price target of $9, which would be 27% below i ...