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Shares of electric vehicle company Rivian (RIVN) have burned significant investor wealth since the company's IPO in 2021. At its peak, Rivian was valued at more than $100 billion by market cap; now, it's worth $18.36 billion, and the stock currently trades 89% below all-time highs.
However, the electric vehicle (EV) market continues to expand at a rapid pace, and many on Wall Street still deem Rivian stock a top investment choice. So, after the stock's big drop last week, let’s see where analysts think Rivian shares might be in one year.
