Why Rivian Stock Skidded to a 4% Loss on Thursday
Portfolio Pulse from
Rivian Automotive experienced a 4% stock decline due to two key developments: a downgrade from Piper Sandler analyst Alexander Potter and Tesla's significant Cybertruck recall. Potter reduced Rivian's price target from $19 to $13, citing concerns about economic risks and lack of meaningful catalysts in 2024.
March 21, 2025 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler downgraded Rivian, lowering price target to $13 and expressing concerns about economic risks and lack of near-term catalysts.
The analyst downgrade and reduced price target, combined with broader EV industry challenges, suggest potential short-term negative pressure on Rivian's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Tesla recalled over 46,000 Cybertrucks due to potential exterior body panel safety risks, marking its eighth recall for this vehicle model.
The widespread Cybertruck recall may negatively impact investor sentiment across the EV industry, potentially affecting Tesla's stock price and broader market perception.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50