Rivian (NASDAQ:RIVN) enjoyed some excellent momentum last week, and things don’t seem to be slowing down. After Volkswagen (OTCMKTS:VWAGY) announced plans to make a significant investment in the electric vehicle (EV) producer, RIVN stock surged almost instantly.Wall Street sentiment towards the company also rose as analysts began to issue bullish takes on the stock. Now, even more experts are expressing optimism that this growth trend will continue as RIVN stock continues trending upward. And one analyst re ...

Rivian just got the lifeline it needed from a major automaker, changing the equation for this high-risk EV stock.Owning Rivian (RIVN -7.26%) stock is not for the faint of heart, even after a recent $5 billion cash infusion from Volkswagen (VWAGY -0.42%). But if you are a more aggressive investor, that cash lifeline could be exactly what Rivian needs to create a profitable business.The future for this stock looks far brighter now than it did before the Volkswagen agreement -- and it still trades for well bel ...

Rivian just got a large new capital injection from a major global automaker.One possible reason for the slowdown in electric vehicle (EV) sales growth in 2024 is a lineup of options that has been growing stale. Industry leader Tesla recently launched its unique Cybertruck, but it hasn't made any major upgrades or design changes to the top-selling Model Y or more affordable Model 3.Rivian Automotive (RIVN -7.26%) may be taking a hint from that situation and is being more aggressive with offering customers ne ...

Rivian has an EV technology stack that Volkswagen thinks has real value.Rivian Automotive (RIVN -8.15%) stock shot higher after it announced a surprising new deal with global auto giant Volkswagen earlier this week. As investors digest more details of the multifaceted arrangement, some are taking quick gains from the stock's jump.Today, Rivian shares were lower by 7.7% as of 2:45 p.m. ET. At that time, the stock was still up nearly 30% for the week. So what are investors to make of the volatility in Rivian ...

Loading...Loading...Needham analyst Chris Pierce reiterated the Buy rating on Rivian Automotive, Inc. RIVN, raising the price forecast to $20 from $13.The analyst sees Rivian as a long-term winner in the eventual ICE (Internal Combustion Engine) to EV transition, leaning on its ability to create a brand and produce vehicles that drive high customer passion and satisfaction.Pierce writes that Rivian’s strategic focus on cost savings through engineering optimizations, supplier relationships, and factory effic ...

Rivian (NASDAQ:RIVN) stock should trade at $20, according to Needham analyst Chris Pierce. The analyst raised his price target from $13 while reiterating a “buy” rating after Rivian’s 2024 Investor Day event yesterday.During the event, Rivian reiterated its 2024 production guidance for 57,000 vehicles and the fact that it expects a positive gross profit per vehicle during the fourth quarter through cost reductions. Rivian produced 57,232 vehicles last year.Additionally, Rivian guided for Q2 production of be ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, June 28, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Rivian Automotive, Inc. (“Rivian or the “Company) (NASDAQ: RIVN) investors that a class action has been filed on behalf of investors. Rivian investors that purchased and/or sold shares between August 12, 2022 and February 21, 2024 and lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to conta ...

Rivian's stock could head a lot higher over the next few years.The once-hot electric vehicle (EV) market fizzled out over the past two years as many automakers grappled with rising interest rates, higher production costs, supply chain constraints, and a persistent price war in China. As the market cooled off, many investors rotated away from EV stocks and other speculative investments.But for contrarian investors, that steep sell-off might represent a good buying opportunity. I believe one of those turnarou ...

Rivian won't be an overnight success. The company is methodically building a well-loved EV brand.Rivian (RIVN -1.83%) won the attention of investors when it went public back in 2021 at a time when investors were giddy about electric-vehicle (EV) stocks and low interest rates made car buying more affordable than today. Fast forward a few years, and high interest rates have dampened EV demand. Many investors have fled EV stocks, and Rivian's share price has fallen 89% since its initial public offering (IPO).R ...

Rivian Automotive (RIVN) closed the latest trading day at $14.47, indicating a -1.83% change from the previous session's end. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%.The the stock of a manufacturer of motor vehicles and passenger cars has risen by 44.23% in the past month, leading the Auto-Tires-Trucks sector's gain of 2.42% and the S&P 500's gain of 3.38%.Analysts and investors alike will be keeping a close eye ...