Home » Electrek » Rivian (RIVN) stock pops after new analyst sees ‘credible path’ for the EV maker to breakeven

News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Rivian (RIVN) stock pops after new analyst sees ‘credible path’ for the EV maker to breakeven

By electrek.co 06/26/2024 - 00:07 06/26/2024 Electrek

After Rivian (RIVN) stock earned a big buy rating on Tuesday, shares traded up nearly 9% as investors look for the EV maker to break even. A new analyst sees at least 50% upside for Rivian’s stock price with a “credible path” to breakeven gross margins. Read more…