CFRA Just Raised Its Price Target on Rivian (RIVN) Stock

Rivian (NASDAQ:RIVN) is one of the top electric vehicle (EV) stocks on investors’ radar today. After surging more than 50% in pre-market trading, RIVN stock has since lost some steam. However, it’s important to note that this stock is still trading some 20% higher this afternoon on some very important news.Leading global automaker Volkswagen (OTCMKTS:VWAGY) just announced its intention to invest up to $5 billion in Rivian over time, with an initial $1 billion investment set to take place in short order. Giv ...