Analyst: Rivian Faces Lower EV Sales, Catalysts in 2025

Shares of electric Vehicle (EV) firm Rivian Automotive Inc (NASDAQ:RIVN) are 1.4% lower premarket, following a bear note at Baird. The analyst in question downgraded RIVN to "neutral" from "outperform" and cut its price target to $16 from $18, estimating lower EV sales expectations and "few catalysts in 2025" as the prime driving factor.Analysts are currently split on Rivian stock. While 13 rated the equity a "hold" or worse coming into today, 12 recommended a "buy" or better. This leaves room for additiona ...