Lucid's (LCID) move lower is dragging Rivian (RIVN) down. George Tsilis joins Alex Coffey and Jenny Horne to discuss RIVN. He discusses the outlook for RIVN, as well as the drastically different price targets on the stock. Mizuho has a $42 price target, while Wells Fargo has an $18 price target, which could indicate uncertainty in the stock. According to Mizuho, despite some production impacts, RIVN continues to execute well compared to peers, and sees "muted" investor sentiment. George then previews RIVN's earnings report which will be released Tuesday, postmarket. Tune in to find out more about the stock market today.
24 Feb 2023