On September 3, Strive rose 8.33% in regular trading, trading at $25.56/share, with turnover of approximately $93.67 million. The rally was driven by a significant price target upgrade from B. Riley.

B. Riley raised its price target on Strive to $26 from $16, representing a 62.5% upward revision, while maintaining a Buy rating. This marks the latest in a series of target increases from the firm, which had previously raised its target from $12 to $15 in April, then to $19 and $20 in subsequent months. TD Cowen also initiated coverage earlier with a Buy rating and a $26 price target, reflecting broader analyst optimism.

On the fundamental side, Strive reported Q2 revenue of $2.94 million, up from $1.5 million a year earlier and slightly beating consensus estimates. However, the adjusted loss widened to $3.65 per diluted share from $1.47 a year ago. The company has also announced plans to increase ATM financing capacity by $2.1 billion each for its ASST and SATA programs, signaling growing investor demand and liquidity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)