Rivian shares jump as Goldman, Needham raise price targets

Rivian Automotive Inc. (RIVN) shares surged after Goldman Sachs and Needham raised their price targets following the company AI and autonomy event, where Rivian unveiled its proprietary silicon chip and new computing model. Goldman lifted its target to $16 and Needham to $23, while RBC Capital kept a $14 target. RIVN traded up more than 17% Friday.