Rivian Automotive (NASDAQ: RIVN) received several downgrades from analysts in the wake of its fourth-quarter earnings report released on Feb. 21. Revenue more than doubled last year, but rising interest rates are starting to take a toll on electric vehicle (EV) demand. Management expects production in 2024 to be flat year over year at 57,000 units.
Morgan Stanley cut its price target on the stock to $14 from $24. The new price target is 26% higher than Rivian’s current share…
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