Streetbeat News

RIVN

Rivian Automotive, Inc.

Industry

Auto - Manufacturers

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

Open

14.02

Mkt cap

15B

Volume

31M

High

14.41

P/E Ratio

-2.57

52-wk high

24.61

Low

13.75

Div yield

N/A

52-wk low

8.26

Morgan Stanley analyst Adam Jonas downgraded Ford, GM, and Rivian due to concerns about the auto industry's outlook, including rising inventories and credit losses. Conversely, the firm upgraded several auto dealers, citing resilience and potential benefits from slower EV adoption.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 4:12 pm

In the past three months, 30 analysts have provided ratings for Rivian Automotive (NASDAQ:RIVN), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $17.47, with a high of $30.00 and a low of $13.00. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting varied expectations for Rivian's market performance. Despite impressive revenue growth, Rivian faces challenges with its net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 3:00 pm

Rivian Automotive's stock is experiencing a decline following a downgrade by Morgan Stanley from Overweight to Equal-Weight, along with a reduction in its price target from $16 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:20 pm

Morgan Stanley has downgraded Rivian Automotive from Overweight to Equal-Weight and reduced its price target from $16 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:08 pm

Rivian Automotive's stock is trading higher due to a proposed U.S. ban on Chinese-made vehicles, which could reduce competition for Rivian. The company also benefits from reduced borrowing costs following a federal interest rate cut. Analysts have mixed ratings on Rivian, with a 12-month price target averaging $17.47.

Portfolio Pulse from Erica Kollmann

September 23, 2024 | 5:52 pm

Tesla and Chinese EV startups are leading in the software race for electric vehicles, outpacing traditional automakers like Toyota and Volkswagen. Despite challenges such as U.S. sanctions and a domestic price war, Chinese EV companies remain competitive. Tesla's stock has seen a slight increase over the past year.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 4:23 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and maintained a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:38 pm

Rivian Automotive (NASDAQ:RIVN) has seen a surge in options trading, with a majority of trades being bullish. Significant investors are targeting a price range of $10.0 to $12.5. The stock is currently trading at $12.14, up 3.67%, with an RSI suggesting it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 3:01 pm

Several large-cap stocks experienced significant declines last week. Notable losers include Summit Therapeutics, Kaspi.kz, BioMarin Pharmaceutical, Rivian Automotive, FedEx, BioNTech, Arthur J. Gallagher, Chewy, Novo Nordisk, and Murphy USA. Factors such as financial results, analyst reports, and competitive pressures contributed to these declines.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 9:04 pm

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

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