Rivian Automotive, Inc. Class A Common Stock (RIVN)
Rivian Automotive price target lowered to $16 from $18 at Stifel
Stifel analyst Stephen Gengaro lowered the firm's price target on Rivian Automotive to $16 from $18 and keeps a Buy rating on the shares. While near-term headwinds persist, the firm believes Rivian is "making solid progress toward several key milestones," including positive gross profit in Q4, positive gross profit in 2025, and launching the critical R2. The firm, which believes Rivian has sufficient liquidity to fund operations through the launch of R2, believes "the story is intact," the analyst tells investors.
Rivian: Thank You, Mr. Market!
Rivian's Q3 report disappointed with higher-than-expected losses and production issues, but management remains optimistic about achieving positive gross profits in Q4. The EV manufacturer has a substantial cash balance and a $5 billion investment from Volkswagen, aiming for positive free cash flow without needing additional capital. Rivian's long-term potential includes scaling production to over 500K units by 2030, with a valuation target of $67 per share based on future financials.
Rivian has Wall Street turning more cautious after mixed financial snapshot
A mixed quarter for the EV maker translated into more caution on Wall Street, which also mulled over the implications of the future Trump administration.
Wall Street analyst downgrades Rivian stock after Trump's win
Although the markets have received Donald Trump's election positively, an analyst is warning that the power shift might not be ideal for electric vehicle manufacturer Rivian (NASDAQ: RIVN).
Rivian Stock 'Long-Term Winner' In Gas-To-Electric Transition: Analyst
Rivian Automotive RIVN analysts are cautious on the short-term outlook for the electric vehicle company with supply chain concerns, after the company missed third-quarter revenue and earnings per share estimates.
RIVN Drives Focus on 4Q, TTD Trades Down, PINS Ad Revenue Struggles
Pinterest (PINS) didn't draw investor confidence by showing ad revenue headwinds and weaker-than-expected guidance. The Trade Desk (TTD) opened as the worst performer in the S&P 500 despite its earnings beat.
Rivian's Rocky Q3: Buy the Stock Now on Strategic Moves or Wait?
While RIVN missed Q3 expectations, things appear to be looking up from here. Read on to know if you should buy the stock now or wait for clearer recovery.
Investors unperturbed by Rivian miss
Rivian Automotive Inc (NASDAQ:RIVN) posted lower-than-expected third-quarter revenue of $874 million after supply chain issues, which affected the sourcing of parts, hit both the top and bottom lines. The electric truck maker's turnover was around $16 million below estimate said it reported an adjusted loss per share of $0.99 versus a forecast of $0.92.
Rivian is shoring up sourcing for its R2 affordable SUV with Trump's proposed tariffs in mind, CEO says
Donald Trump's tariff proposals and pushback on EVs could have a significant impact on automakers. Rivian CEO RJ Scaringe said during an earnings call the company has been bracing for tariffs.
Rivian Automotive, Inc. (RIVN) Q3 2024 Earnings Call Transcript
Rivian Automotive, Inc. (NASDAQ:RIVN ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Tim Bei - VP, IR RJ Scaringe - Founder and CEO Claire McDonough - CFO Javier Varela - Chief Operations Officer Conference Call Participants Emmanuel Rosner - Wolfe Research Adam Jonas - Morgan Stanley Dan Levy - Barclays Mark Delaney - Goldman Sachs Joseph Spak - UBS George Gianarikas - Canaccord Genuity Tom Norian - RBC Capital Markets Alex Potter - Piper Sandler Mike Shlisky - D.A. Davidson Operator Good day.
Rivian Automotive (RIVN) Reports Q3 Loss, Lags Revenue Estimates
Rivian Automotive (RIVN) came out with a quarterly loss of $1.03 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $1.19 per share a year ago.
LG Energy Solution signs 5-year battery supply deal with Rivian
South Korea's LG Energy Solution on Friday said its subsidiary LG Energy Solution Arizona has signed a battery supply agreement with U.S.-based automotive manufacturer Rivian.
