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Wolfe Downgrades Rivian (RIVN) on Cash Burn, Sees Delayed AI and Autonomy Catalysts
Yahoo Finance· 2026-01-15 20:33
Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the Must-Watch Stock on Wall Street. On January 12, Wolfe Research analyst Emmanuel Rosner downgraded the stock from Peerperform to Underperform, setting a price target of $16.00. Firm analysts see higher cash burn, rising losses, and limited near-term catalysts for the stock. Rosner noted how the near-term and long-term fundamental setup for the stock has deteriorated, but that there is excitement around RIVN’s Autonomy platform which has led to a surge in ...