Rivian Stock Rises on Upgrade. Sometimes the Market Gives You a Gift.

Stocks can become buys for Wall Street analysts any number of ways. New management, new products, or a renewed focus on costs can all be catalysts analysts that analysts examine. Sometimes investors turn stocks into buys all by themselves.

An upgrade to Buy with a target cut is unusual. Recent trading in Rivian stock shows how it happened. Rivian shares closed September trading above $24 apiece. That was just 7% away from Spak’s old $26 price target. Not attractive enough for a Buy rating. What’s more, he sees Rivian’s fundamentals improving with rising production and sales. He forecasts about 55,000 units of production in 2023, better than Rivian’s guidance of about 52,000 units.

Better fundamentals and a lower price, thanks to what might have been an overreaction by investors, equals a new Buy rating.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

GameStop Corp. Cl A stock rises Monday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Alphabet Inc. Cl A stock rises Monday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Palantir’s stock rises as company discloses new Army AI contract worth up to $250 millionEmily Bary is a MarketWatch news editor based in New York.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »