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Electric car manufacturer Rivian surged 14% in late trading on Thursday, poised to record its 10th best trading day of 2025 so far. Prior to this, brokerage firm Baird upgraded its rating on the company from "hold" to "buy" and the company also introduced a new hands-free driving feature update. Baird significantly raised Rivian's target price by nearly 79% to $25, stating that "2026 will be the year of the R2."
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