Rivian Stock: Analysts Trim Sales Forecasts as 2024 Looms

Analysts have downgraded their revenue forecasts for Rivian Automotive, Inc. (NASDAQ:RIVN), with a consensus view predicting slower revenue growth and increased losses per share. The consensus price target also fell, reflecting concerns about the company's weaker revenue and earnings outlook. While the long-term trajectory of the company's earnings remains important, the drastic downgrade to this year's forecasts suggests a more cautious outlook for Rivian Automotive.