The 12 months for rivian (RIVN) has been very sophisticated and that is mirrored in its actions, which accumulate a lack of greater than 57%.
It is sufficient to identify the newest firm information to know the panorama: Serious drawback within the provide chain, manufacturing deficit and lack of market share, amongst different issues.
Recently minimize its annual manufacturing forecast. That brought on not solely the titles to plummet but additionally the analysts scale back their goal costs.
Uncertainty relating to the corporate gripped traders, who at the moment are questioning about Rivian’s future.
Analysts and AI set their price targets for Rivian
Truist downgraded its score to carry and moved from a price goal of $16 to $12.
Barclays made an analogous evaluation, decreasing its price goal from $16 to $13.
The AI of ChatGPT-4 He acknowledged that Rivian shares will shut in 2024 between $9 and $11.
At this time, the titles of rivian fell greater than 2% within the final 24 hours to 10 USDrecording a lack of greater than 40% within the final three months.
