Rivian Stock Has Almost 30% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
While results were largely in line with expectations, the stock slid when the company left its full-year targets intact. Investors were likely hoping for a boost in expected electric vehicle (EV) production for the year. But not everyone was disappointed. Following the report, Needham analyst Chris Pierce reiterated a "buy" rating on Rivian shares. His $13 price target on Rivian shares would represent a jump of almost 30% from Thursday's levels. Is Rivian a long-term winner? Pierce still thinks Rivian will be a long-term winner among the growing group of EV manufacturers for several reasons. Among them is the brand's growing appeal to consumers. Despite slowing adoption trends from EV buyers, Rivian is looking beyond the near-term situation and moving forward with adding a next-generation mid-size sport utility vehicle platform to its lineup. And it recently pivoted those plans to help in a way that will save the company a significant amount of capital. Rivian now plans to bui
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RIVN
News
- EVs Are Suddenly Becoming Affordable [The New York Times]The New York Times
- RIVN CRUCIAL INVESTOR ALERT: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses In Excess of $250,000 to Contact the FirmAccesswire
- Electric Cars Are Suddenly Becoming Affordable [The New York Times]The New York Times
- 'Belltown Hellcat' driver billed $83,000 for flaunting the law in Seattle [Yahoo! Finance]Yahoo! Finance
- 2 Incredibly Cheap Electric Vehicle (EV) Stocks to Buy Now [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 5/30/24 - Form SD
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- RIVN's page on the SEC website