Wall Street Maintains Positive Outlook for Rivian Despite Delayed, Higher-Priced R2 Launch
Rivian delayed its $45,000 entry-level R2 SUV to 2027 and raised initial pricing to $57,990, causing a stock drop. However, the company's first full-year positive gross profit, a $1.25B Uber robotaxi deal, and a $1B Volkswagen investment have led analysts to maintain an average price target of $18.16 for RIVN.
Topics: analyst sentiment electric vehicles market reaction price target Rivian