1 Wall Street Analyst Warns That Rivian Stock Could Drop to $9

Last week, Rivian Automotive (RIVN -1.85%) unveiled not one, but two new prospective electric vehicles: The slimmed-down R2 electric SUV and an unexpected R3 electric hatchback. But investor beware: On Monday morning, investment bank UBS warned investors that not all is well with Rivian. Despite raising its price target a bit to account for the potential gains of having two new vehicles to sell, UBS nonetheless retained its sell rating on Rivian stock and set a price target of $9, which would be 27% below i ...