Why Rivian Stock Is Rising Today
Rivian Automotive (NASDAQ: RIVN) stock surged Thursday and was trading up 3.3% as of 1:45 p.m. ET after rallying as high as 5.5% in early morning trade.
This may be attributed in part to an article published Thursday in which Chief Financial Officer Claire McDonough revealed the number of electric delivery vans Rivian plans to deliver to Amazon.com (NASDAQ: AMZN) this year.
Also on Thursday morning, Mizuho analyst Vijay Rakesh reiterated his buy rating on Rivian shares, although he trimmed his price target to $95 a share. That still represents nearly 107% upside from the electric vehicle (EV) stock's Wednesday closing price.
Source Fool.com
