On Nov 08, major Wall Street analysts update their ratings for $Rivian Automotive (RIVN.US)$, with price targets ranging from $11 to $18.
BofA Securities analyst John Murphy downgrades to a hold rating, and adjusts the target price from $20 to $13.
Barclays analyst Dan Levy maintains with a hold rating, and maintains the target price at $13.
Wells Fargo analyst Colin Langan maintains with a hold rating, and maintains the target price at $11.
Baird analyst Ben Kallo maintains with a buy rating, and adjusts the target price from $20 to $18.
Needham analyst Chris Pierce maintains with a buy rating, and adjusts the target price from $18 to $14.
Furthermore, according to the comprehensive report, the opinions of $Rivian Automotive (RIVN.US)$'s main analysts recently are as follows:
Rivian Automotive's third-quarter results fell short of expectations across several key indicators, with projections for adjusted EBITDA for the year being revised downward. This downward revision primarily stems from the company's previously reduced production forecast, which hampers its capacity to capitalize on fixed costs.
Observations indicate that Rivian Automotive's approaching Q3 earnings report may reflect challenges, including persistent supplier issues extending into Q4, which could influence production and delivery outcomes negatively.
Here are the latest investment ratings and price targets for $Rivian Automotive (RIVN.US)$ from 6 analysts:
Note:
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