1 Wall Street Analyst Thinks Rivian Stock Is Going to $8. Is It a Sell?
As 2025 kicks into gear, there are many high-potential stocks for investors to buy. Rivian Automotive (NASDAQ: RIVN), however, isn’t one of them.
An analyst tracking the stock maintains that it’s undoubtedly a sell, even though he recently boosted his price target considerably. Here’s a closer look at this bearish take on the high-profile electric vehicle (EV) company.
Last Friday, Garrett Nelson of CFRA boosted his Rivian target price to $8 per share, which is 60% higher than his previous tag of $5. He’s sticking to his sell recommendation regardless, because even with the increase, the current price target is 51% below the stock’s most recent closing level.
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