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Is Rivian Stock Going to $23? 1 Wall Street Analyst Thinks So.

Rivian has shifted its production strategy to save money and unveiled its next two vehicle offerings.Share prices of electric vehicle (EV) maker Rivian Automotive (RIVN -0.30%) have been on the decline since it reported first-quarter production and delivery numbers earlier this week. But analysts at Cantor Fitzgerald think this presents investors with a new opportunity.The firm maintained the equivalent of a buy rating on Rivian shares this week with a price target of $23. That would represent a massive 128 ...