Rivian Automotive, Inc. Class A Common Stock (RIVN)
Rivian Still Fails To Impress
Rivian has been disappointing due to slower-than-expected growth, despite some progress on its long-term margin plan. The company is expected to see limited growth in 2025 when compared to other EV names. The valuation remains unattractive until growth starts to accelerate.
Rivian stock price forecast: here's why RIVN could surge 125%
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, valuing the EV company at over $10 billion.
Rivian Automotive price target raised to $12 from $10 at Goldman Sachs
Goldman Sachs raised the firm's price target on Rivian Automotive (RIVN) to $12 from $10 and keeps a Neutral rating on the shares. The firm is positive on the company announcing the closing of its deal with VW (VWAGY) as it is significantly improving Rivian's balance sheet and liquidity, the analyst tells investors in a research note. The deal is also "emblematic" of the importance of the underlying vehicle tech platforms, including the ability to effectively sell software and service, Goldman Sachs adds. Rivian Automotive +1.465 (+13.87%) Volkswagen -0.22 (-2.40%)
Why Rivian Shares Are Still Surging Today
Rivian said it has closed a major deal with Volkswagen that could be worth $5.8 billion by 2028.
Why Rivian Stock Is On Fire Today
A massive deal has reignited investors' expectations of the electric vehicle stock.
Wall Street Analysts Predict a 44.23% Upside in Rivian Automotive (RIVN): Here's What You Should Know
The mean of analysts' price targets for Rivian Automotive (RIVN) points to a 44.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader aspirations than initially announced for the operations. VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture.
Green Stock News for November 13th, 2024: $RIVN $BLNK $JOBY $RKLB
Welcome to the green stock news brief for Wednesday, November 13th. Here are today's top headlines: Rivian Automotive (NASDAQ: RIVN) and Volkswagen are launching a joint venture, with a $5.8 billion deal to advance next-gen electric vehicle technology.
Why Rivian stock is surging
The share price of electric vehicle startup Rivian (NASDAQ: RIVN) is showing strength as investors react positively to news of a significant investment in the struggling firm.
VW boosts investment in Rivian, but significant challenges remain
Rivian Automotive Inc (NASDAQ: RIVN) is up more than 13% in premarket this morning after Volkswagen Group (ETR: VOW3) increased its planned investment in the electric vehicle maker to $5.8 billion. Volkswagen was originally expected to spend up to $5 billion to set up a joint venture with Rivian.
Rivian and VW Are Going At It Together
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Rivian and VW Try to Save Each Other
24/7 Wall St. Insights Volkswagen and Rivian Automotive Inc.
