Rivian Stock Is Rallying Monday: What's Driving The Action?
Rivian Stock Is Rallying Monday: What's Driving The Action?
Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher Monday after multiple analysts raised their price targets on the EV stock.
納斯達克(RIVN)股票的多位分析師上調其股價目標後，該股週一走高。
- Barclays analyst Dan Levy maintained Rivian with an Equal-Weight and raised the price target from $10 to $14.
- 巴克萊銀行分析師Dan Levy確認了Rivian的等權重評級，並將其股價目標從10美元上調至14美元。
- Canaccord Genuity analyst George Gianarikas maintained Rivian with a Buy and raised the price target from $20 to $30.
- Canaccord Genuity分析師George Gianarikas確認了Rivian的買入評級，並將其股價目標從20美元上調至30美元。
- RBC Capital analyst Tom Narayan maintained Rivian with a Sector Perform and raised the price target from $11 to $14.
- RBC Capital分析師Tom Narayan確認了Rivian的板塊表現評級，並將其股價目標從11美元上調至14美元。
- Goldman Sachs analyst Mark Delaney maintained Rivian with a Neutral and raised the price target from $11 to $14.
- 高盛分析師Mark Delaney確認了Rivian的中立評級，並將其股價目標從11美元上調至14美元。
What To Know: In a new note to clients on Monday, Goldman's Delaney provided key takeaways from Rivian's investor day last week.
需要了解的是，在週一向客戶發佈的一份新報告中，高盛的Delaney提供了Rivian上週投資者日的關鍵要點。
The analyst highlighted multiple product and technology updates that simplify the manufacturing process and help to reduce costs. Delaney also noted that Rivian provided preliminary second-quarter production guidance of 9,100 to 9,300 units and reiterated 2024 guidance of approximately 57,000 units.
該分析師強調了多個產品和技術更新，簡化了製造過程，並有助於降低成本。Delaney還指出，Rivian提供了第二季度初步生產指導，爲9100至9300輛，重申了2024年的約57,000輛的引導。
Rivan also reaffirmed that it's still on track to achieve positive adjusted gross profit in the fourth quarter. The Goldman Sachs analyst said management remains confident in its forecast given strong community engagement and receptivity to the brand, design and features.
Rivan也重申它仍在實現正向調整毛利潤方面保持正軌。高盛分析師表示，鑑於社區的強大參與和品牌、設計和功能的良好接受程度，管理層仍然對其預測感到自信。
"Rivian also discussed R1 platform profitability. Management commented that it expects the R1 platform RPU to see a slight increase with more premium configurations mix (Quad motor configuration is launching in 4Q24)," Delaney said.
“Rivian還討論了R1平台盈利能力。管理層表示，隨着更多溢價配置混合（四驅配置將在4Q24推出），他們預計R1平台RPU將略有增加，”Delaney表示。
Rivian's R1 platform is expected to benefit from scale over time. The company also expects to leverage its improved sourcing position to drive variable cost improvements, the analyst said.
Rivian預計從時間的推移中獲得規模效益。該公司還預計利用其改善的採購地位推動可變成本的改善。
Cantor Fitzgerald analyst Andres Sheppard also provided some takeaways from Rivian's investor day in a note focused on mobility on Monday. The analyst increased his price target to $19 citing benefits from the company's recently announced joint venture with Volkswagen.
Cantor Fitzgerald分析師Andres Sheppard週一在一份專注於移動性的報告中提供了Rivian投資者日的一些洞見。該分析師將其目標價調高至19美元，並稱這是由於該公司最近宣佈的與大衆汽車的合資企業帶來的好處。
Volkswagen will initially invest $1 billion in Rivian through an unsecured convertible note that will be converted into Rivian common stock. The German automaker is expected to invest an additional $4 billion over time as part of the transaction.
大衆汽車將通過一份未經擔保的可轉換票據最初投資10億美元，該票據將轉換爲Rivian普通股。預計德國汽車製造商將在未來投資額外40億美元。
"As a result of this agreement, we think Rivian will be able to extend its cash runway, to achieve additional cost savings, and to improve its margin profile over the medium-to-long term," Sheppard said.
Sheppard稱，“由於該協議，我們認爲Rivian將能夠延長其現金運營時間，實現額外的成本節約，並在中長期內提高其利潤率。”
RIVN Price Action: Rivian shares were up 4.14% at $13.98 at the time of publication, according to Benzinga Pro.
據Benzinga Pro稱，截至發稿時，Rivian股票上漲4.14%，報13.98美元。
Photo: courtesy of Rivian.
照片：由瑞麒公司提供。
譯文內容由第三人軟體翻譯。