Rivian Stock Surges 10% Despite Neutral Rating from Mizuho

Analysts raise price target citing improved balance sheet and solid delivery figures, while EV sector sees broader rally.

Rivian shares rose 10% on Friday, reaching over $18, following a price target increase by Mizuho from $11 to $15.
Mizuho's analyst highlighted Rivian's improved balance sheet and reduced liquidity risks as key factors.
Rivian reported better-than-expected Q2 deliveries, with 13,800 vehicles delivered, surpassing forecasts.
The broader EV market experienced gains this week, driven by positive delivery reports from several manufacturers and lower-than-expected inflation data.
Volkswagen's potential $5 billion investment in Rivian is seen as a significant boost to the company's financial stability.