Trading Strategies For Rivian Stock Heading Into Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Rivian Automotive, Inc (NASDAQ:RIVN) is heading into its Q3 earnings report with analysts expecting an EPS of negative $1.33 on revenues of $1.31 billion. Cantor Fitzgerald analyst Andres Sheppard upgraded the stock from Neutral to Overweight and announced a price target of $29. Rivian's stock performance is currently neutral, trading under the 200-day simple moving average (SMA). The stock has resistance above at $21 and at $21.48 and support below at $15.80 and at $11.68.
November 07, 2023 | 8:15 pm
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NEUTRAL IMPACT
Rivian is heading into its Q3 earnings report with neutral stock performance. The stock has been upgraded to Overweight by Cantor Fitzgerald with a price target of $29.
The upcoming Q3 earnings report and the recent upgrade by Cantor Fitzgerald are likely to influence Rivian's stock performance. However, the stock is currently trading under the 200-day SMA, indicating a neutral trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100