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Cantor Expects Slight Rivian Q2 Delivery Dip Despite R2 Launch
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Cantor Expects Slight Rivian Q2 Delivery Dip Despite R2 Launch
Cantor Fitzgerald expects Rivian to deliver slightly fewer vehicles in the second quarter than in the first, even though it has already begun delivering the R2 SUV — its cheapest model yet and the one meant to reignite growth. Analyst Andres Sheppard modeled 10,234 deliveries in a Monday note first obtained by Price Target, holding a Neutral rating and $18 price target on the stock. The estimate trails the 10,661 vehicles Rivian delivered in the…
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