Rivian In 'Right Place/Time' With Product, Strategy; Can Be 'Long-Term Winner': 4 Analysts Size Up Q1 Results, EV Company's Future [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
Here's what analysts were saying about the result and the company's future. The Rivian Analysts Bank of America analyst John Murphy had a Buy rating and $21 price target. Goldman Sachs analyst Mark Delaney had a Neutral rating and $11 price target. JPMorgan analyst Ryan Brinkman had an Underweight rating and $10 price target. Needham analyst Chris Pierce had a Buy rating and $13 price target. Related Link: What's Going On With Rivian Stock Today? Bank of America on Rivian: The potential for Rivian's positive gross margins in a key takeaway from Murphy. "The weaker EBITDA results were largely due to higher operating expenses associated with the retooling of the Normal facility, which should pay back in meaningful cost savings starting in 2H:24," Murphy said. The analyst highlighted Rivian's lowered capex guidance. "RIVN still in right place/time with right product/strategy. We reiterate our Buy rating on RIVN, which is predicted on our view that the company is one of
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RIVN
News
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Yahoo! Finance]Yahoo! Finance
- Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push [Yahoo! Finance]Yahoo! Finance
- Troubled EV maker Fisker closing Manhattan Beach headquarters [Los Angeles Times (CA)]Los Angeles Times
- Investors in Rivian Automotive, Inc. Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Investors who lost money on Rivian Automotive, Inc. (RIVN) should contact Levi & Korsinsky about pending Class Action - RIVNAccesswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website