Rivian Hammered by Another Downgrade
6 Articles
6 Articles
Rivian Hammered by Another Downgrade
A Jefferies analyst has downgraded the stock of troubled electric vehicle maker Rivian Automotive Inc. (NASDAQ: RIVN) from Buy to Hold. The analyst who made the decision said demand could be soft. However, recent cost cuts helped keep the outlook from falling further. The target price Jefferies has on Rivian was $16, but the stock trades for just below $15 now. That is hardly an endorsement of its prospects. 24/7 Wall St. Key Points: A Jefferi…
The Rollercoaster Ride at Rivian: What Recent Stock Movements Reveal About the EV Trailblazer
Rivian Automotive’s stock increased by 2%, closing at $15.12, reflecting market volatility amidst analyst disagreements. Key analysts are divided: Bank of America downgraded Rivian to “underperform” with a $10 target, while Wedbush sees “outperform” potential at $18. Rivian reported impressive quarterly revenue of $1.73 billion, surpassing expectations despite a challenging -95.51% net margin. CEO Robert J. Scaringe and CFO Claire McDonough’s sh…
Analyst revises Rivian (RIVN) stock price target
Multinational investment bank Jefferies has downgraded Rivian stock (NASDAQ: RIVN) from a ‘Buy’ rating to a ‘Hold’ rating, citing sluggish demand outlooks for the rest of 2025. In a note shared with investors, equity researcher Philippe Houchois praised the company’s Q1 2025 earnings (published on May 6) as better than expected, and noted management’s progress in driving R1 variable unit costs down and managing cash carefully. Houchois also hig…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage