1 Wall Street Analyst Upgraded Rivian Stock With a Possible Catalyst Ahead. Is It a Buy? [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
UBS analyst Joseph Spak upgraded the stock of the electric vehicle (EV) maker on Tuesday, and implied there could be another upgrade ahead. Spak addressed both a short-term view as well as a specific catalyst that could drive Rivian shares higher over the long term. After Rivian stock has dropped by more than 50% in the last three months, Spak upgraded his rating from sell to neutral on Tuesday. He kept his price target of $9, but noted that there could be a new catalyst emerging, too. One catalyst that could drive this EV maker's stock In the short term, Spak noted, "We believe the near-term risk/reward is more balanced at current levels" after the recent slide in Rivian shares. He added that risks that are now reflected in the stock price include slowing EV sales growth in general. But the short interest has also reached over 18% of available Rivian shares. Any near-term catalyst could spark a short squeeze that would push shares higher. And there is a potential catalyst ahe
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News
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses to Contact the FirmAccesswire
- 6 Electric Cars the Middle Class Can't Afford in 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Electric grid wars are a direct assault on the Western middle class [Yahoo! Finance]Yahoo! Finance
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses to Contact the FirmAccesswire
- Hybrid Vehicles Poised to Gain Market Share, Create Pathway to Meeting Auto Industry Environmental Goals as Regulatory Requirements, Dates Eased [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- RIVN's page on the SEC website