Rivian Bears Vs. Bulls: EV Stock's Q2 Earnings Might Tip The Scale
Portfolio Pulse from Surbhi Jain
Rivian Automotive Inc (NASDAQ:RIVN) is set to report its Q2 earnings, with Wall Street expecting a negative $1.22 EPS and $999.8 million in revenues. The stock is currently trading at $14.72, below its short-term SMAs but above its longer-term SMAs, indicating mixed technical signals. Analysts see a 20% upside with a consensus price target of $19.58.
August 05, 2024 | 7:03 pm
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Rivian is set to report Q2 earnings with Wall Street expecting a negative $1.22 EPS and $999.8 million in revenues. The stock shows mixed technical signals but analysts see a 20% upside with a consensus price target of $19.58.
The upcoming Q2 earnings report is a significant event for Rivian, with expectations of negative EPS and substantial revenues. The mixed technical signals and analyst ratings suggest potential volatility but also a possible upside.
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IMPORTANCE 80
RELEVANCE 100