Rivian Surges 24%: Is it Still an Opportune Time to Buy the Stock? [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
vehicle (EV) maker released its production and delivery numbers for the fourth quarter and full-year 2024. The company reported that its results aligned with earlier predictions, demonstrating it met its targets despite facing challenges, which impressed Wall Street. With this sharp increase, investors may be wondering whether it's still a good time to buy shares of the American automotive manufacturer. Before addressing that question, let's look at the company's fundamentals. RIVN's Impressive Production & Delivery Figures Last Friday, Rivian announced that during the December quarter of 2024, it produced 12,727 EVs at its manufacturing facility in Normal, IL, while delivering 14,183 EVs over the same time frame. Coming to the full-year 2024 numbers, RIVN revealed that it delivered 51,579 vehicles while producing 49,476 units. These results aligned closely with the company's earlier forecasts, which projected production between 47,000 and 49,000 vehicles and deliveries rangin
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RIVN
News
- 1 Wall Street Analyst Thinks Rivian Stock Is Going to $8. Is It a Sell? [Yahoo! Finance]Yahoo! Finance
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- Rivian's Valuation is Stretched [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