Rivian (RIVN) Shares Down Nearly 30% YTD

Barclays lowered Rivian’s (RIVN) price target to $16 from $25 and downgraded the stock to equal weight from overweight. The analyst notes that demand softness implies risk from pricing, slower volume growth, and a longer path to breakeven. Kevin Green discusses this. Tune in to find out more about the stock market today.

Next Gen Investing

12 Feb 2024

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