Impacts on Rivian's Stock Movement Explained
Friday, 15 March 2024, 16:28
Rivian's Stock Movement
Rivian's R2 and R3 EVs continue to attract investors, but cash burn concerns persist.
Analyst Upgrade
- Bolstered by Piper Sandler's upgrade and price target increase to $21 per share.
- Rivian is aiming to introduce the R2 SUV ahead of schedule, saving costs and time.
Is investing in Rivian stock a wise decision? Despite recent developments, risks remain due to substantial cash burn and future funding needs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.