RIVN Red Alert: Prepare to Sell Rivian Stock by August 2024

Rivian Automotive (NASDAQ:RIVN) stock has doubled from its April lows and now sits where it was back in January. Shares are roaring ahead following its partnership with Volkswagen (OTCMKTS:VWAGY), which could see the German automaker invest as much as $5 billion in the electric SUV company. Wall Street is also upbeat on Rivian. TipRanks shows a bullish outlook and a consensus one-year price target of$17, suggesting the stock is fairly valued. Canaccord analyst George Gianarakis, however, raised his price t ...