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RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) is gradually reducing losses and moving towards profitability, despite Tesla CEO Elon Musk's warning of potential bankruptcy due to high spending. The company delivered 12,640 vehicles in Q2 2021, with a loss of $1.2 billion, marking a significant reduction in loss per vehicle. Rivian aims to achieve a positive gross profit by 2024, with increased production volume. The company has also outlined strategies to reduce costs, such as eliminating certain customization options.

Portfolio Pulse from Anan Ashraf

November 07, 2023 | 11:03 am

NEO

Needham analyst Mike Matson has reiterated a 'Buy' rating on NeoGenomics (NASDAQ:NEO) and maintained a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:51 am

TDUP

Needham analyst Anna Andreeva has reiterated a 'Buy' rating on ThredUp (NASDAQ:TDUP) and maintained a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:40 am

ROST

Evercore ISI Group analyst Michael Binetti has initiated coverage on Ross Stores (NASDAQ:ROST) with an Outperform rating and a price target of $140.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:33 am

ULTA

Evercore ISI Group analyst Michael Binetti has initiated coverage on Ulta Beauty (NASDAQ:ULTA) with an Outperform rating and a price target of $460.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:31 am

RACE

Evercore ISI Group analyst Michael Binetti has initiated coverage on Ferrari (NYSE:RACE) with an Outperform rating and a price target of $375.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:29 am

M

Evercore ISI Group analyst Michael Binetti has initiated coverage on Macy's with an In-Line rating and a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:27 am

KSS

Evercore ISI Group analyst Michael Binetti has initiated coverage on Kohl's (NYSE:KSS) with an In-Line rating and a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:24 am

BURL

Evercore ISI Group has initiated coverage on Burlington Stores (NYSE:BURL) with an Outperform rating and a price target of $150.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:22 am

LULU

Evercore ISI Group analyst Michael Binetti has initiated coverage on Lululemon Athletica (NASDAQ:LULU) with an Outperform rating and a price target of $475.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:20 am