Rivian stock yahoo

ET Friday. The markets believed Rivian would rivian stock yahoo able to turn things around in and ramp up production swiftly, but the EV maker just confirmed its struggles are far from over yet.

Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for the companies and what it could mean for the EV market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino. Let's take a look at some trending tickers that we're tracking here on Yahoo Finance. You're taking a look at some EV stocks. Shares of Rivian will begin there and Lucid, hitting a speed bump after guidance falls short of Wall Street estimates.

Rivian stock yahoo

Shareholders in Rivian Automotive, Inc. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest statutory post-earnings forecasts for next year. View our latest analysis for Rivian Automotive. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue outlook while also expecting losses per share to increase. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. So we wouldn't be assigning too much credibility to analyst price targets in this case, because there are clearly some widely different views on what kind of performance this business can generate. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. Of course, another way to look at these forecasts is to place them into context against the industry itself. Factoring in the forecast slowdown in growth, it seems obvious that Rivian Automotive is also expected to grow slower than other industry participants.

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Shares of the EV start-up hit an all-time low after its fourth-quarter earnings report last month, but now investors are eager to turn the page. A bullish analyst note and a new product launch are good catalysts to shift the mood. Jefferies called the stock a buy Wednesday night, saying the EV stock "has looked closest to Tesla in 'spirit,'" and noted Rivian's proprietary software stack, strong brand identity, and potential to grow globally. However, the stock's gains Thursday seem to be more in response to the launch event, where the company pulled the curtain back on the R2, a two-row compact SUV with a battery range of around miles. Reservations are now open. However, a positive analyst note and the unveiling of a vehicle that won't be commercially available for two years are unlikely to change the trajectory of the stock in the near term. Like much of the rest of the EV industry, Rivian is struggling amid plateauing customer demand and higher interest rates. The macro conditions help explain why the company doesn't plan to grow its production this year. It's also rapidly burning cash, though the company said it would deliver a modest gross profit by the fourth quarter, and that will be an important test for the company. With its revenue growth likely to decline this year, Rivian will need to prove it has a viable path to profitability in order to breathe new life into the stock.

Rivian stock yahoo

Key events shows relevant news articles on days with large price movements. Tesla Inc. TSLA 2. Lucid Group Inc. LCID 2. NVDA 0. Palantir Technologies Inc. PLTR 0.

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Let's zero in, first and foremost, on Rivian. Obviously they don't have a heck of a ton of cash when they're not bringing in as many deliveries that they had initially anticipated or what was initially forecasted here going into some of the hype surrounding EVs. Capital One's proposed purchase of Discover Financial is expected to face pushback from regulators, who are already being pressured by lawmakers to block the deal. You're taking a look at some EV stocks. Yahoo Finance. With the global EV market slowing down, Spak sees little promise in Rivian's current strategy. Dow 30 39, This was one of the top trending tickers that we saw here when we were even going into our morning meeting this morning. Crude Oil Nikkei 39, This article by Simply Wall St is general in nature.

Shares of Rivian RIVN are trading higher after the company announced plans to halt the construction of its new factory in Georgia, with firm Truist calling the move a "prudent decision. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for Rivian in the context of other headwinds, such as cash flow and consumer demand.

Analysts are now slashing their price targets and investors dumping the stock, fast and furious. Clearly a very challenging set up here for Nikola going forward. Nikkei 39, It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Let's zero in, first and foremost, on Rivian. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Rivian Automotive. Bloomberg -- The American-made lander that touched down on the moon likely landed on its side, officials said, raising questions about the historic mission. Russell 2, We thought readers would find it interesting to see the analysts latest statutory post-earnings forecasts for next year. The numbers, however, look morbid sequentially. Rivian needs cash and GM needs EVs. Editor's note: This article was written by Nicholas Jacobino.