To Buy or Not to Buy: Is RIVN Stock Worth the Risk at $15?

Given the bad news circulating in the last quarter of 2023 about the health of the electric vehicle industry, it’s not surprising that Rivian (NASDAQ:RIVN) stock is down 26% so far in 2024. The Jan 17 target price downgrade of Rivian by Deutsche Bank analyst Emmanuel Rosner contributed to the decline. The analyst cut the 12-month target by 34% to $19 from $29. Rosner predicts Rivian will incur losses until Q3 2024, hindering its recovery. However, according to CarandDriver.com, 1.2 million battery-electric ...