Since Facebook went public in 2012, Rivian has raised $11.9 billion in financing, making it the largest in the market.
Rivian's relentless cash burn has put the company in a precarious position.
Through the fiscal year 2025, the corporation is anticipated to spend over $21 billion in cash, with just $1.6 billion in Q2 2022.
While lowering its price target for Rivian shares to $85 per share, Morgan Stanley maintained a buy status.
Additionally, Deutsche Bank reiterated its buy recommendation and maintained its $91 price objective for the stock.
NASDAQ predicts that the price of Rivian stock will be $34.38 by 2025.
The average target price for a share of Rivian in 2026 is $64.
In 2027 it is expected to march towards a positive momentum to $65.
Electric SUV makers' share is anticipated to be worth $68 in 2028, and a target price of $74 is assumed by 2029.
The EV maker's stock price may reach $200 or even more by the end of 2030.