Why Rivian Stock Surged Today [Yahoo! Finance]
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Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
With its share price down roughly 41% year to date, Rivian stock has struggled across the first half of 2024. But some analysts think that the sell-off has become overblown. Analysts at both RBC Capital and Canaccord raised their price targets on the stock today, and the positive momentum helped power its gains. RBC Capital takes a neutral stance on Rivian stock RBC Capital's Tom Narayan published a note on Rivian stock before the market opened this morning, maintaining a sector-perform rating on the stock. While the analyst maintained his overall rating on the stock, he did raise his one-year price target from $11 per share to $14 per share. Based on the stock's closing price today, that reflects an expectation that the EV specialist is accurately valued. Narayan pointed to the company's deal with Volkswagen providing valuable liquidity for Rivian's business and a reinforcing catalyst for its stock. The deal could provide up to $5 billion in investment capital for Rivian. The
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RIVN
News
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 30, 2024 in Rivian Lawsuit - RIVNAccesswire
- Levi & Korsinsky Reminds Rivian Automotive, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 30, 2024 - RIVNAccesswire
- Rivian Automotive, Inc. Class Action: Levi & Korsinsky Reminds Rivian Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 30, 2024 - RIVNAccesswire
- Rivian Automotive, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - RIVNAccesswire
- ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RIVNGlobeNewswire
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 7/2/24 - Form 8-K
- 6/27/24 - Form 4
- 6/27/24 - Form 8-K
- RIVN's page on the SEC website