10 Stocks Lead Friday’s Charge

6. Rivian Automotive Inc. (NASDAQ:RIVN)

Rivian Automotive saw its share prices increase by 6.62 percent on Friday to finish at $11.60 apiece as investors appeared to have bargain-hunted from Thursday’s dip.

The momentum was achieved despite a recent downgrade from investment firm Piper Sandler, which gave the company a new rating of “neutral” from “overweight” previously. It also cut its price target to $13 from $19.

Piper Sandler said RIVN does not have any upside catalyst to boost trading this year until it launches the R2 vehicle in the first half of 2026.

Additionally, Piper Sandler expects lower deliveries for RIVN in 2025, at only between 46,000 and 51,000 units, or a decrease from the 51,579 deliveries reported last year.

Meanwhile, RIVN was said to have held off the production line at its factory in Illinois for about a month in the second semester of the year to prepare for the start of production of its new vehicles.