December 7, 2022

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Rivian Automotive (NASDAQ:RIVN) Given New $90.00 Price Target at Mizuho

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Rivian Automotive (NASDAQ:RIVNGet Score) had its cost concentrate on dropped by research analysts at Mizuho from $95.00 to $90.00 in a note issued to buyers on Wednesday, The Fly experiences.

A variety of other equities investigate analysts have also issued reports on RIVN. UBS Group assumed protection on shares of Rivian Automotive in a report on Tuesday, January 11th. They issued a “buy” ranking on the inventory. Deutsche Lender Aktiengesellschaft reaffirmed a “buy” rating and established a $91.00 concentrate on price tag on shares of Rivian Automotive in a research note on Friday, March 11th. Exane BNP Paribas assumed coverage on shares of Rivian Automotive in a exploration observe on Monday, April 11th. They established an “underperform” ranking and a $35.00 cost goal on the stock. Royal Bank of Canada dropped their cost aim on shares of Rivian Automotive from $116.00 to $100.00 and set an “outperform” score on the stock in a investigate note on Friday, March 11th. Lastly, BNP Paribas assumed protection on shares of Rivian Automotive in a research take note on Monday, April 11th. They established an “underperform” score and a $35.00 rate goal on the inventory. Two financial investment analysts have rated the inventory with a provide score, five have specified a keep ranking and twelve have issued a get rating to the enterprise. In accordance to data from MarketBeat.com, the stock presently has a consensus score of “Buy” and a consensus concentrate on value of 83.65.

Shares of NASDAQ:RIVN opened at 39.15 on Wednesday. The inventory has a fifty day basic shifting normal of 49.30. Rivian Automotive has a 52 week low of 33.46 and a 52 week high of 179.47. The company has a financial debt-to-equity ratio of .06, a speedy ratio of 13.93 and a latest ratio of 14.14.

Rivian Automotive (NASDAQ:RIVNGet Score) previous issued its earnings effects on Thursday, March 10th. The electric car automaker claimed -2.43 EPS for the quarter, lacking analysts’ consensus estimates of -1.97 by -.46. The organization had earnings of 54.00 million for the quarter, as opposed to the consensus estimate of 60.72 million. As a team, equities analysts forecast that Rivian Automotive will submit -6.31 earnings for each share for the recent fiscal yr.

Numerous institutional buyers and hedge cash have a short while ago added to or reduced their stakes in the enterprise. Sargent Bickham Lagudis LLC purchased a new placement in shares of Rivian Automotive for the duration of the fourth quarter valued at close to $25,000. Global Prosperity Management Investment Advisory Inc. ordered a new placement in shares of Rivian Automotive for the duration of the fourth quarter valued at somewhere around $25,000. Baldwin Brothers LLC MA ordered a new place in shares of Rivian Automotive for the duration of the fourth quarter valued at around $26,000. Retirement Group LLC purchased a new stake in Rivian Automotive in the course of the fourth quarter valued at around $26,000. At last, Lumature Wealth Associates LLC purchased a new stake in Rivian Automotive for the duration of the fourth quarter valued at somewhere around $26,000. 50.13% of the stock is owned by hedge resources and other institutional traders.

About Rivian Automotive (Get Score)

Rivian Automotive, Inc develops and manufactures electric experience motor vehicles. It delivers 5-passenger pickup vans and sports activities utility automobiles. The company offers electric powered SUVs and electric powered pickup motor vehicles. The company was launched in 2009 and is based mostly in San Jose, California. It has further facilities in Irvine, Carson, and Palo Alto, California Usual, Illinois Woking, United Kingdom Plymouth, Michigan Vancouver, Canada and Wittman, Arizona.

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