Trading Strategies For Rivian Stock Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Rivian Automotive, Inc (NASDAQ:RIVN) is expected to report Q2 earnings after the market close, with analysts predicting an EPS of negative $1.41 on revenues of $978.88 million. Truist Securities analyst Jordan Levy maintained a Buy rating on Rivian and raised the price target from $28 to $30, while Cantor Fitzgerald analyst Andres Sheppard downgraded the stock from Overweight to Neutral and increased the price target from $27 to $29. Rivian's stock is currently trading in a bearish inside bar pattern but above the 200-day simple moving average (SMA).
August 08, 2023 | 7:03 pm
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Rivian is expected to report Q2 earnings, with analysts predicting negative results. The stock is currently trading in a bearish pattern but above the 200-day SMA.
The upcoming earnings report and the mixed analyst ratings are likely to cause volatility in Rivian's stock price. The stock is currently in a bearish pattern, indicating potential downside risk, but it is trading above the 200-day SMA, which could provide some support.
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IMPORTANCE 80
RELEVANCE 100