by August 12 – Riviaans (Nasdaq: RIVN) Shares fell around 2.5% on Tuesday morning after Morgan Stanley has transported its price target to $ 12 from $ 13 while a rating of equal weighs was retained. Traders responded in the cautious tone of Morgan Stanley to the upcoming R2 launch of Rivian and heavy capital must compete in autonomy. Rivian trade near $ 11.69 with a market capitalization of around $ 14.5 billion and will fall to 10% for years.
Morgan Stanley said that Rivian shows promise in AI-compatible autonomy, but according to reservations about the steering wheel equipped with the steering wheel and the current EV question headwind. The bank also noted that Rivian’s Volkswagen Partnership can be stable, but can turn upside down. Other brokers lowered the pressure: UBS has lowered its target to $ 12, Da Davidson to $ 13, TD Cowen to $ 13, Piper Sandler to $ 14 and Stifel up to $ 16, each pointing to margin, tariff effects or production thowntime prior to R2.
Together analysts weigh between the long -term potential of Rivian and almost term risks of implementation. Because it is ready to launch the next series of vehicles, investors will view the R2 outlet information, margins prediction and cash management by management.
This article first appeared on Gurufocus.
