Rivian's Critical Juncture: Stock Upside, Layoffs, and 2024 Prospects
TL;DR Summary
Rivian stock plummeted after reporting mixed earnings and a weak production forecast for 2024, causing a 38% drop. Despite this, Bank of America remains optimistic, reiterating a "buy" rating and setting a $25 price target, implying a 135% upside. However, with significant cash burn, mounting debt, and a questionable production outlook, some analysts doubt the achievability of this target and advise caution.
- Rivian Stock Has 135% Upside, According to 1 Wall Street Analyst The Motley Fool
- Decoding Rivian Automotive Inc (RIVN): A Strategic SWOT Insight Yahoo Finance
- Rivian's CEO Laid Off 10 Percent of the Company's Employees and Made the 1 Mistake No Leader Should Make Inc.
- Why 2024 Is Rivian’s Make or Break Year Heatmap
- Rivian to cut 150 Bay Area jobs as stock hits all-time low San Francisco Chronicle
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