RIVN YTD mountain RIvian in 2023 But while analysts noted Rivian is on the right track, they still see headwinds that can keep the stock price at bay.
However, his price target implies 3% downside from Tuesday's close.
He raised his price target to $23 from $18, but that still implies downside of 7.3% over the next 12 months.
JPMorgan's Ryan Brinkman is also neutral on Rivian stock, albeit with a $19 per share price target.
The analyst reiterated a buy rating on Rivian stock with a $40 per share price target, equating to about 61% upside from Tuesday's close.
Persons:
Rivian, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Delaney, JPMorgan's Ryan Brinkman, Brinkman, Bank of America's John Murphy, RIVN, Murphy, Michael Bloom
Organizations:
Bank of America's
Locations:
North America