Needham & Co. Just Cut Its Price Target on Rivian (RIVN) Stock

Electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) is seeing its hopes for a return of bullish momentum stunted after a disappointing showing in the second quarter. During the period, losses widened despite the company focusing on cost management. In addition, while RIVN stock enjoys overall positive consensus among analysts, many firms downgraded their price-per-share expectations.According to a CNBC report, Rivian delivered the goods on paper. The EV manufacturer posted an adjusted loss per share of ...