Why Rivian Stock Popped On Friday
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Rivian Automotive Inc's stock rose by about 7% after Wedbush raised its price target to $25, citing the upcoming R2 model in 2026 as a significant catalyst. Despite financial challenges, analysts are optimistic about Rivian's autonomy roadmap and potential new revenue streams. The stock traded near 52-week highs, reflecting positive sentiment towards Rivian's future product plans.
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