On June 27, Mizuho analyst Vijay Rakesh slashed the price target on Rivian Automotive, Inc. (NASDAQ:RIVN) to $70 from $80 and kept a Buy rating on the shares. The analyst "conservatively lowered" unit delivery estimates for Q2 and the second half of 2022 to account for Shanghai lockdowns and supply chain challenges. However, he forecasts robust EV demand regardless of soaring prices, with larger lead times, as production stabilizes and new models are introduced. According to Insider Monkey's Q1 database, Philippe Laffont's Coatue Management held the biggest stake in Rivian Automotive, Inc. (NASDAQ:RIVN), with 30.8 million shares worth $1.5 billion. Here is what Baron Global Advantage Fund has to say about Rivian Automotive, Inc. (NASDAQ:RIVN) in its Q1 2022 investor letter: "Rivian Automotive, Inc. designs, manufactures, and sells consumer and commercial electric vehicles.