Amazon.com Announces Third Quarter Results
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October 27, 2023 9:37 AM EDT
Cantor Fitzgerald upgraded Rivian Automotive (NASDAQ: RIVN) to an Overweight rating (From Neutral) and reiterated their 12-month price target of $29.00 on the electric automakers stock after a recent pullback creates an entry opportunity for investors.
The share price has underperformed by ~27% in the past month, and is down ~12% YTD. As of Thursdays close, RIVNs stock trades at $16.17, with an over 79% upside.
Rivian pre-announced on October 2, that the electric automaker had manufactured 16,304 vehicles in 3Q23, surpassing the estimated 14,580 (compared to 13,992 vehicles in 2Q23). Additionally, they reported... More
October 26, 2023 4:01 PM EDT
Amazon (NASDAQ: AMZN) reported Q3 EPS of $0.94, $0.36 better than the analyst estimate of $0.58. Revenue for the quarter came in at $143.1 billion versus the consensus estimate of $141.53 billion.
GUIDANCE:
Amazon sees Q4 2023 revenue of $160-167 billion, versus the consensus of $157.2... More
