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Max Knoblauch

Rivian’s surge continues as stock reaches highest level since December 2023 on analyst upgrades

Shares of EV maker Rivian are on pace to close up double digits for the second day in a row on Friday as bullish investors pour into the stock following analyst upgrades.

Rivian shares were up more than 10% on Friday afternoon, with the stock climbing to its highest level since December 2023.

Wedbush Securities’ Dan Ives boosted his Rivian price target by 56% to $25 in a note on Friday morning. He wrote that 2026 is a “prove-me” year for the automaker, with its lower-cost R2 model set to launch in the first half.

Ives’ note follows a separate optimistic bit of analysis from Baird, which also boosted its Rivian price target to $25 in a note on Thursday.

If today’s gains hold, Friday will mark the third day of double-digit gains for Rivian in the past six trading days. An “AI Day” event that saw the automaker detail autonomous updates and tease a robotaxi plan started the recent run.

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Palantir plunges as valuation overhang remains a drag

The shares have now given up the entirety of the bounce that followed the company’s stellar quarterly results Monday.

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Strategist doubles down on $45,000 bitcoin price target after fresh bearish technical signal

From MACD to H&S, the negative technicals are piling up for bitcoin.

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markets
Max Knoblauch

Match Group climbs as CEO touts Tinder turnaround plan

Match Group is rising in early trading on Wednesday following the Tuesday release of its fourth-quarter earnings report.

Match issued lackluster full-year revenue guidance of between $3.41 billion and $3.54 billion for 2026, below the $3.59 billion estimate from Wall Street analysts polled by FactSet. Still, investors appear drawn to the company’s Tinder turnaround plans.

On Match’s earnings call, CEO Spencer Rascoff said its 2026 Tinder road map directly addresses Gen Z pain points. Discovery will be redesigned to be “more expressive and less repetitive,” and verification and safety will be strengthened.

Paid users on Tinder fell 8% in the fourth quarter to 8.8 million. Paid users on Hinge grew 17% to 1.9 million. Match has reportedly budgeted $60 million for AI and product rollouts at its popular dating app.

“I’m confident that by the end of this year, the product will feel meaningfully different,” Rascoff said.

Luke Kawa
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Super Micro soars as blockbuster Q2 results restore faith in the AI server company

This positive reaction breaks a long streak in which death and taxes had been joined by “Super Micro falling any time the company delivers financials” as one of life’s certainties.

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AMD slumps on no new big customer wins, with unexpected China sales driving AI revenue beat

Sometimes stocks just go down after reporting good results. Especially if they’d been going up a lot before that.

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