Recent price target cuts for Rivian by Baird and Bernstein highlight significant concerns surrounding the electric vehicle maker ahead of its Q1 earnings. Baird has reduced its target from $16 to $14 while maintaining a Neutral rating. Bernstein took a more bearish stance, slashing its target to $6.10 and predicting operational struggles due to increasing tariffs. Both firms express caution regarding Rivian's production and delivery guidance, with Bernstein's estimates suggesting potential operational challenges that could jeopardize Rivian's financial stability going forward.
"Baird's adjustment reflects growing caution in the sustainable energy and mobility sectors as pressures from tariffs and rising costs weigh on Rivian's outlook."
"Bernstein predicts that Rivian's financial challenges related to tariffs could lead to a significant drop in deliveries and force the company to consider raising fresh equity to survive."
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