Rivian Automotive downgraded by Mizuho with a new price target
$RIVN
Auto Manufacturing
Consumer Discretionary
Mizuho downgraded Rivian Automotive from Buy to Neutral and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2025 | $12.70 | Hold | TD Cowen |
| 2/24/2025 | $13.00 → $10.00 | Neutral → Underperform | BofA Securities |
| 2/21/2025 | $13.00 → $15.00 | Overweight → Neutral | Cantor Fitzgerald |
| 1/29/2025 | $6.10 | Underperform | Bernstein |
| 12/18/2024 | $18.00 → $16.00 | Outperform → Neutral | Robert W. Baird |
| 12/9/2024 | $18.00 | Buy | The Benchmark Company |
| 11/8/2024 | $20.00 → $13.00 | Buy → Neutral | BofA Securities |
| 9/25/2024 | $16.00 → $13.00 | Overweight → Equal-Weight | Morgan Stanley |
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
4 - Rivian Automotive, Inc. / DE (0001874178) (Issuer)
SC 13G - Rivian Automotive, Inc. / DE (0001874178) (Subject)
SC 13G/A - Rivian Automotive, Inc. / DE (0001874178) (Subject)
SC 13G/A - Rivian Automotive, Inc. / DE (0001874178) (Subject)
TD Cowen initiated coverage of Rivian Automotive with a rating of Hold and set a new price target of $12.70
BofA Securities downgraded Rivian Automotive from Neutral to Underperform and set a new price target of $10.00 from $13.00 previously
Cantor Fitzgerald downgraded Rivian Automotive from Overweight to Neutral and set a new price target of $15.00 from $13.00 previously
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period. On a full-year 2024 basis, the company produced 49,476 vehicles and delivered 51,579. These figures were in line with management's full-year 2024 guidance of 47,000 to 49,000 vehicles produced and 50,500 to 52,000 vehicles delivered. In addition, the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint on Rivian's production. The company also announced that
Washington, D.C., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rivian, Patagonia and Sol Systems, have joined forces to advance renewable energy in North Carolina through an innovative Renewable Energy Certificate and Community Impact Agreement (REC-CIA). This groundbreaking partnership is centered around the 50 MWac Lick Creek Solar project in Stokes County, NC, which will supply clean energy and contribute to a more sustainable future. The project is not only a step towards reducing carbon emissions but also a demonstration of how businesses can use renewable energy procurement to create positive social and environmental impacts. The Lick Creek Solar project benefits the local community today thr
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period. Rivian is experiencing a production disruption due to a shortage of a shared component on the R1 and RCV platforms. This supply shortage impact began in Q3 of this year, has become more acute in recent weeks and continues. As a result of the supply shortage, Rivian is revising its annual production guidance to be between 47,000 and 49,000 vehicles. The company is also reaffirming its annual delivery outlook of low single digi
IQHQ, Inc., a premier life science real estate development company, has announced the signing of premium retail leases and an event space operator at RaDD, IQHQ's transformative life science district on San Diego's downtown waterfront. These new, high-quality partnerships total approximately 50% of the district's nearly 200,000 square foot retail footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003314143/en/Rivian Showroom at RaDD. Courtesy IQHQ / Photo by Sudenim Visual Media "RaDD is a premier district designed to benefit both the industry we serve and the broader community with world-class shopping, dining, events,
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth. Gruner is joining Rivian from Porsche Cars North America, Inc. (PCNA), where he was most recently President and CEO. Gruner starts at Rivian today and will report directly to Rivian Founder and CEO RJ Scaringe. At Rivian, Gruner will oversee Rivian's commercial function including Sales, Marketing, Customer Care, Delivery, Service, and Fleet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230901891588/en/Rivian appoints Dr. Kjell Gruner as Chief Commercial Officer and President, B
Rivian Automotive, Inc. (NASDAQ:RIVN) today announced Sreela Venkataratnam as its new Chief Accounting Officer. Ms. Venkataratnam starts at Rivian on March 10 and will be responsible for overseeing accounting. In this role, Venkataratnam will head up Rivian's financial reporting, tax and trade, internal controls and compliance, finance transformation management and manufacturing controllership. Ms. Venkataratnam joins Rivian with over 25 years of experience in finance and accounting. She was at Tesla from 2013 to 2024, where she most recently served as Vice President of Finance and Business Operations. In this role she was instrumental in building and scaling Tesla's global operations and
Electrified Scoop Trucks to Debut at South by Southwest and Bring Fun to Fans Across the USA IRVINE, Calif., March 4, 2025 /PRNewswire/ -- What's better than companies who want to preserve the world for future generations, unveiling the ice cream truck of the future?Rolling out two electric "scoop trucks," a sweet collaboration between Ben & Jerry's, Vermont's beloved ice cream maker, and Rivian, the all-electric automaker. This alliance brings Ben & Jerry's to fans with outstanding reliability, performance & reduced environmental footprint.Built on the Rivian Commercial Van,
Achieved Q4 2024 gross profit of $170 million Closed Joint Venture with Volkswagen Group and loan from the Department of Energy which provides up to $10 billion of incremental capital* $729 million improvement in Q4 2024 Adjusted EBITDA compared to Q4 2023** Over 1 billion Amazon packages delivered by EDVs Rivian Automotive, Inc. (NASDAQ:RIVN) today announced fourth quarter and full year 2024 financial results. Rivian reported a gross profit of $170 million in the fourth quarter of 2024, primarily driven by improvements in variable costs, revenue per delivered unit, and fixed costs. Rivian expects these improvements to benefit it over the long-term and position the company well to
8-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)
S-8 - Rivian Automotive, Inc. / DE (0001874178) (Filer)
10-K - Rivian Automotive, Inc. / DE (0001874178) (Filer)