1 Wall Street Analyst Thinks Rivian Stock Is Going to $8. Is It a Sell? [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
Rivian Automotive (NASDAQ: RIVN) , however, isn't one of them. An analyst tracking the stock maintains that it's undoubtedly a sell, even though he recently boosted his price target considerably. Here's a closer look at this bearish take on the high-profile electric vehicle (EV) company. A big boost from a professional bear Last Friday, Garrett Nelson of CFRA boosted his Rivian target price to $8 per share, which is 60% higher than his previous tag of $5. He's sticking to his sell recommendation regardless, because even with the increase, the current price target is 51% below the stock's most recent closing level. On that day, several analysts made adjustments to their Rivian evaluations. That's because in the morning, the company published its fourth-quarter and annual tallies for production and deliveries. Happily for shareholders, both numbers exceeded the consensus pundit estimates; quarterly production amounted to 12,727 vehicles, and the delivery figure was 14,183. Tho
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News
- I Towed Pebble's Electric-Assisted Camper Trailer, It Was Enlightening [CNET News]CNET News
- Rivian's Valuation is Stretched [Yahoo! Finance]Yahoo! Finance
- Rivian Surges 24%: Is it Still an Opportune Time to Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- Why Lucid Motors Stock Popped Monday Morning [Yahoo! Finance]Yahoo! Finance
- Rivian Automotive, Inc. (NASDAQ: RIVN) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $13.00 price target on the stock.MarketBeat
RIVN
Earnings
- 11/7/24 - Beat
RIVN
Sec Filings
- 1/6/25 - Form 144
- 1/3/25 - Form 8-K
- 12/26/24 - Form 4
- RIVN's page on the SEC website