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Rivian Bull Slashes His Price Target in Half
Going by past performance, the market appeared to be expecting the worse ahead of Rivian’s (RIVN) Q1 earnings. Shares shed ~40% off their value in the week leading up to the report, with the stock down by 80% on a year-to-date basis. However, with a loss per share of $1.43 edging the $1.44 consensus estimate, and the company reiterating its goal to produce 25,000 cars this year whilst touting the strong demand for its offerings, investors appeared to breath a sigh of relief. Rivian said it now h
