Goldman Sachs Reiterates Neutral Rating on Rivian Automotive Inc (RIVN)
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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
Baird Reiterates Outperform Rating on Rivian Automotive Inc (RIVN)
October 7, 2024 6:56 AM EDTBaird analyst George Gianarikas reiterated an Outperform rating and $20.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst commented: "Incrementally negative on weaker production outlook. RIVN reported Q3 deliveries which missed our/street estimates and lowered its full-year 2024 production outlook... More
Rivian Automotive Inc (RIVN) PT Lowered to $28 at Canaccord Genuity
October 7, 2024 6:16 AM EDTCanaccord Genuity analyst George Gianarikas lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $30.00) while maintaining a Buy rating.... More
Rivian Automotive Inc (RIVN) PT Lowered to $28 at Canaccord Genuity
October 4, 2024 2:12 PM EDTCanaccord Genuity analyst George Gianarikas lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $30.00) while maintaining a Buy rating.
The analyst commented: "As previewed, pesky component supply issues impacted 3Q24 production. The good news is that deliveries remain on track as management will work through inventory to meet demand. 2024... 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
RBC on Rivian (RIVN): 'Lower delivery print in Q3 is concerning in our eyes'
October 4, 2024 8:47 AM EDTRBC Capital analyst Joseph Spak reiterated a Sector Perform rating and $15.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst said: "The lower delivery print in Q3 is concerning in our eyes as it highlights softening demand. Much of the questions we have been getting on Rivian concerns liquidity issues The VW deal in our mind is critical in Rivian solving some... 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
Can Amazon save $20B per year by deploying autonomous EVs?
October 4, 2024 7:28 AM EDTInvesting.com -- Amazon (NASDAQ: AMZN) could potentially save more than $20 billion annually by deploying autonomous electric vehicles (EVs) for middle- and last-mile delivery, according to a recent note from JMP Securities.
The investment firm believes that Amazon's use of autonomous driving technology, coupled with electric vehicles such as Rivian (NASDAQ:... More
Rivian drops after cutting full year production guidance
October 4, 2024 6:41 AM EDTInvesting.com -- Rivian (NASDAQ: RIVN) shares dropped more than 6% premarket Friday after the company cut its full-year production forecast and revealed a significant setback in its production plans due to a shortage of a shared component used in both its R1 and RCV platforms.
Rivian revealed it now anticipates full-year production to be between 47,000 and 49,000 vehicles, down from its previous forecast of 57,000 vehicles.
While... More
Rivian Automotive (RIVN) Delivered 13,157 EVs in Q3, Delivered 10,018
October 4, 2024 6:30 AM EDTRivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.
Rivian is experiencing a production... More
Rivian lowers annual production forecast due to parts shortage, shares drop
October 4, 2024 6:06 AM EDTBy Zaheer Kachwala
(Reuters) -Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a parts shortage and slowing growth in electric-vehicle demand, sending shares of the startup down nearly 9%.
The company said the shortage of the part, used in its R1 SUV and R1T pickups as well as its delivery vans, began in the third quarter and has become more acute in recent weeks. Rivian did not identify the part or the supplier for the component.
Amazon.com-backed... More
