UBS Just Raised Its Price Target on Rivian (RIVN) Stock
Rivian (NASDAQ:RIVN) stock is in focus after UBS analyst Joseph Spak raised his price target to 10. The change comes after the pure-play electric vehicle (EV) company reported its first-quarter earnings and maintained its 2024 production guidance of 57,000 vehicles compared to actual production of 57,232 vehicles in 2023. That disappointed shareholders, who were hoping for a guidance increase.For Q1, revenue tallied in at 1.17 billion. EPS was a los ...