Barclays Just Slashed Its Price Target on Rivian (RIVN) Stock

Rivian (NASDAQ:RIVN) stock is in focus after Barclays analyst Dan Levy dropped his price target to $25 from $27 while maintaining an “overweight” rating. Levy is ranked at 3,408 among 8,686 analysts tracked by TipRanks with a success rate of 43% and an average one-year return of 2.2%.Levy appears to be losing confidence in Rivian, as shares of the company have declined by more than 20% so far this year. In mid-November, the analyst had stated that RIVN stock was at an attractive entry point. RIVN is down by ...