Rivian Stocks Price Target Gets a Cut. There Are Too Many Headwinds. – Barrons

Electric-truck startup Rivian Automotive reports fourth-quarter earnings in about a week. One analyst cut his price target on the stock ahead of the report because there are too many headwinds facing the company right now.

Wells Fargo analyst Colin Langan did the cutting, reducing his price target to $70 a share from $110. He kept his Hold rating on Rivian (ticker: RIVN) stock.

“We…

Leave a comment

Your email address will not be published. Required fields are marked *