Rivian drops after cutting full year production guidance
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Rivian Automotive Inc (RIVN) PT Lowered to $13 at Deutsche Bank
October 8, 2024 6:00 AM EDTDeutsche Bank analyst Edison Yu lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $13.00 (from $14.00) while maintaining a Hold rating.
The analyst comments "All in, we update our model to reflect Q3 deliveries and lower production outlook. Importantly, we... More
Goldman Sachs Reiterates Neutral Rating on Rivian Automotive Inc (RIVN)
October 7, 2024 9:16 AM EDTGoldman Sachs analyst Mark Delaney reiterated a Neutral rating and $11.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "Rivian announced that it delivered about 10.0K vehicles in 3Q24 (down about 27% qoq and down about 36% yoy), below both GSe and Visible Alpha... More
Stifel on Rivian Automotive Inc (RIVN): 'positive medium-term view of the RIVN story'
October 4, 2024 9:16 AM EDTStifel analyst Stephen Gengaro reiterated a Buy rating and $18.00 price target on Rivian Automotive Inc (NASDAQ: RIVN)
The analyst comments Rivian reported lower-than-expected 3Q24 deliveries, but maintained full-year guidance implying 4Q24 deliveries will exceed our forecast. However, the 3Q24 production missed our forecast and... More
Truist on Rivian Automotive Inc (RIVN): 'we'd be incrementally negative here'
October 4, 2024 7:47 AM EDTTruist Securities analyst Jordan Levy reiterated a Hold rating and $16.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "This morning Rivian announced the company's 3Q production and deliveries which came in 10%/15% below Street estimates respectively, as the company cited a component shortage impacting both the R1 & RCV platform, also causing the company to... More
