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

Many investors are well aware that there’s a very bearish environment building for most EV stocks in the market right now. Rivian (NASDAQ:RIVN) has certainly participated in this year’s decline, with RIVN stock dropping nearly 60% since the start of the year, outpacing most of its larger-cap peers.Today, RIVN stock is seeing even more downside, dropping another 2% on news of a key analyst price target cut. Barclays cut its price target on Rivian from $12 to $10 per share, citing a range of competitive press ...