Needham analyst Chris Pierce maintains $Rivian Automotive (RIVN.US)$ with a buy rating, and adjusts the target price from $18 to $14.
According to TipRanks data, the analyst has a success rate of 33.6% and a total average return of -18.1% over the past year.
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 for several key indicators, and the forecast for full-year adjusted EBITDA was revised downward. This decrease is primarily due to the company's revised production forecast, which hampers its ability to capitalize on fixed costs.
The firm is updating its estimates for Rivian Automotive ahead of the Q3 earnings expected later this week. The revision of estimates takes into account the ongoing supplier issue that has persisted into Q4, along with the subsequent impact on production and delivery figures.
Note:
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