Rivian Automotive (NASDAQ:RIVN) Shares Gap Down - Here's Why

Market Beat
2026.01.14 18:17
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Rivian Automotive (NASDAQ:RIVN) shares gapped down from $18.85 to $18.25 before trading at $17.24, with significant volume. Key factors include UBS downgrading the stock to 'Sell' due to valuation risks, and Wolfe Research lowering its rating. A recall of nearly 20,000 vehicles raised execution concerns. Analysts maintain a mixed outlook, with an average rating of 'Hold' and a price target of $16.03. Rivian reported a revenue increase of 78.3% year-over-year, but continues to face challenges with negative earnings and margins.