Why Rivian Stock Is Popping Higher Today
Rivian Automotive (NASDAQ: RIVN) stock rocketed yet again this morning, surging as high as 15.1% within 15 minutes of the market's opening. The electric vehicle (EV) stock has rebounded so dramatically that it's now up almost 32% in just two days, as of this writing.
Ironically, Rivian is recalling some of its trucks and several analysts have slashed their price targets on its stock, including at least a couple this morning. The market, though, sees tremendous potential in the EV stock after it sank to all-time lows on Wednesday.
Let's start with how the analyst community feels about Rivian right now. Here's a list of just some of the research firms and the new price targets their analysts have assigned to Rivian stock between Wednesday and today:
Source Fool.com
