Rivian shares surge over 8% following UBS upgrade to Buy
RIVN Rivian Automotive Inc
$13.70 -2.21%
View chart & analysis → - 1Rivian shares rose more than 8% on Monday.
- 2Rivian achieved a 38% year-over-year revenue growth rate in the third quarter.
- 3UBS analyst Joseph Sparks projected Rivian shares to rise another 30% to reach $17.
So what's the key point?
Rivian's stock price rose significantly as revenue increased by 38% compared to last year. Experts expect the stock to rise further to $17.
Source The Motley Fool +1 · View original ↗
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