Rivian stock yahoo

ET Friday. The markets believed Rivian would be able to turn things around in and ramp up production swiftly, but the EV maker just confirmed its struggles are far from over yet, rivian stock yahoo. Analysts are now slashing their price targets and investors dumping the stock, fast and furious.

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. Meanwhile, Nikola edging higher after reporting a narrower loss in the fourth quarter, as the company posts higher deliveries here.

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. The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Rivian Automotive.

Story continues. And this all points back to the fact that we are seeing a bit of a diminishing demand when it comes to EVs.

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Rivian stock yahoo

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.

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Shares of Rivian and Lucid hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand slipping. Craig Trudell has more. 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. Rivian gave investors a disappointing target for vehicle production in Story continues. Several analysts have downgraded Rivian stock since yesterday, with UBS joining the brigade this morning. 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. Rivian Automotive's shares fell the most on record after the electric-vehicle maker issued a disappointing production forecast and announced another round of job cuts. Recommended Stories. And this all points back to the fact that we are seeing a bit of a diminishing demand when it comes to EVs. The company will also focus on cutting costs, including reducing its workforce, this year. Blame Rivian's latest numbers and outlook for the pessimism. Shares of Rivian will begin there and Lucid, hitting a speed bump after guidance falls short of Wall Street estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings.

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.

There's no clarity on demand for its EVs, and a poor production outlook for reflects the challenges Rivian is facing in attracting new buyers. Bitcoin USD 51, It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. That said, it's still necessary to consider the ever-present spectre of investment risk. Motley Fool. So we're seeing a bit of an adjustment here as a result. Bitcoin USD 51, Clearly a very challenging set up here for Nikola going forward. You're taking a look at some EV stocks. Obviously not living up to those initial expectations. Get in touch with us directly. Seana Smith and Brad Smith. Story continues.