Piper Sandler Just Raised Its Price Target on Rivian (RIVN) Stock

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 ...