Rivian (NASDAQ:RIVN) stock should trade at $20, according to Needham analyst Chris Pierce. The analyst raised his price target from $13 while reiterating a “buy” rating after Rivian’s 2024 Investor Day event yesterday.During the event, Rivian reiterated its 2024 production guidance for 57,000 vehicles and the fact that it expects a positive gross profit per vehicle during the fourth quarter through cost reductions. Rivian produced 57,232 vehicles last year.Additionally, Rivian guided for Q2 production of be ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, June 28, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Rivian Automotive, Inc. (“Rivian or the “Company) (NASDAQ: RIVN) investors that a class action has been filed on behalf of investors. Rivian investors that purchased and/or sold shares between August 12, 2022 and February 21, 2024 and lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to conta ...

Rivian's stock could head a lot higher over the next few years.The once-hot electric vehicle (EV) market fizzled out over the past two years as many automakers grappled with rising interest rates, higher production costs, supply chain constraints, and a persistent price war in China. As the market cooled off, many investors rotated away from EV stocks and other speculative investments.But for contrarian investors, that steep sell-off might represent a good buying opportunity. I believe one of those turnarou ...

Rivian won't be an overnight success. The company is methodically building a well-loved EV brand.Rivian (RIVN -1.83%) won the attention of investors when it went public back in 2021 at a time when investors were giddy about electric-vehicle (EV) stocks and low interest rates made car buying more affordable than today. Fast forward a few years, and high interest rates have dampened EV demand. Many investors have fled EV stocks, and Rivian's share price has fallen 89% since its initial public offering (IPO).R ...

Rivian Automotive (RIVN) closed the latest trading day at $14.47, indicating a -1.83% change from the previous session's end. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%.The the stock of a manufacturer of motor vehicles and passenger cars has risen by 44.23% in the past month, leading the Auto-Tires-Trucks sector's gain of 2.42% and the S&P 500's gain of 3.38%.Analysts and investors alike will be keeping a close eye ...

Rivian (NASDAQ:RIVN) has enjoyed an excellent week, even as momentum from yesterday’s news slowly begins to subside. Shares skyrocketed yesterday after Volkswagen (OTCMKTS:VWAGY) announced plans to make a significant gradual investment in the electric truck maker. This sparked a rally for many other EV producers, but today, RIVN stock is in the news with another positive update.Today marked Rivian’s annual Investor Day, and on it, Rivian affirmed its production forecast for the year, signaling that things a ...

文章核心观点 - 电动车制造商Rivian与大众汽车达成了一项新的合资企业,为Rivian带来了1亿美元的现金注入和成本降低的机会 [3][4] - Rivian还获得了一家分析师的买入评级和目标价,推动了其股价上涨 [6] - Rivian正在采取一系列成本控制措施,包括重新设计部件以降低成本,并计划在今年底实现车辆毛利 [7][8][9] 关于合资企业 - 大众汽车与Rivian将在软件方面展开合作,Rivian将获得1亿美元的现金注入,未来还将获得更多高达50亿美元的投资 [4][5] - 这笔资金将有助于缓解Rivian目前的现金流压力,同时通过分摊软件成本有助于降低未来车型的成本 [5] 股价表现 - Rivian本周股价上涨40.2%,主要得益于合资企业和分析师的买入评级 [3][6]

In this articleRIVN2025 Rivian R1SRivianA Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn't enough to build upon the company's significant share growth this week. Shares of the all-electric vehicle startup were down by roughly 2% to 6% for much of the event, eating into some of its 23.2% gain in shares Wednesday that came after it announced plans for an up to $5 billion investment by Volkswagen Group. Shares of ...

After Rivian (NASDAQ: RIVN) experienced a major surge in price, it seems that the rough patch in the electric vehicle (EV) sector is now over, and other EV stocks are following its example, including those of Shanghai-based automaker Nio Inc. (NYSE: NIO).Indeed, thanks to its recent advance that has seen its price grow by 8.07% across the past week (most of it in the last 24 hours), Nio, which has been among the weaker performers across the stock market this year, has managed to reduce its price decline in ...

Rivian Automotive (NASDAQ:RIVN) announced on Monday that it will host its Investor Day this Thursday, June 27. The event will offer investors the chance to hear directly from leadership about Rivian’s growth this year and priorities heading into the second half of 2024.What does this mean for RIVN stock?Well, maybe not too much directly. That hasn’t stopped shares, however. Indeed, RIVN is up 23% today, up on news that Volkswagen (OTCMKTS:VWAGY) will invest as much as $5 billion in Rivian for next-generatio ...