RIVIAN AUTOMOTIVE, INC.

(RIVN)
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Real-time Estimate Cboe BZX  -  09:36 2022-08-15 am EDT
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08/12Wall St eyes weekly gains as slowing inflation raises hopes
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08/12Wall St set for weekly gains on signs of cooling inflation
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08/12Wolfe Research Adjusts Rivian Automotive's Price Target to $50 From $44, Keeps Outperform Rating
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Rivian Shares Rise After Sticking to Production Plan

07/06/2022 | 10:13am EDT

By Dean Seal


Shares of Rivian Automotive Inc. rose 8.5% to $29.11 in early trading after the company said it is on track to produce 25,000 electric vehicles this year.

The electric-truck startup said Wednesday that it produced 4,401 vehicles at its manufacturing facility in Normal, Illinois, during the quarter ended June 30.

That figure is in line with expectations and puts Rivian on track to deliver on its previous annual production guidance, the company said.

Rivian has been battling supply-chain problems that stifled factory output in recent months, but the company said in May that those disruptions should ease later this year.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

07-06-22 1012ET

All news about RIVIAN AUTOMOTIVE, INC.
08/12Wall St eyes weekly gains as slowing inflation raises hopes
RE
08/12Wall St set for weekly gains on signs of cooling inflation
RE
08/12Wolfe Research Adjusts Rivian Automotive's Price Target to $50 From $44, Keeps Outperfo..
MT
08/12Piper Sandler Adjusts Rivian Automotive's Price Target to $83 From $108, Reiterates Ove..
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08/12Goldman Sachs Adjusts Rivian Automotive's Price Target to $41 From $36, Maintains Neutr..
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08/12Wells Fargo Adjusts Price Target on Rivian Automotive to $35 From $30, Keeps Equalweigh..
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08/12DA Davidson Adjusts Rivian Automotive's Price Target to $27 From $24, Keeps Underperfor..
MT
08/12There are two ways to see inflation data
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08/12Mizuho Securities Adjusts Price Target on Rivian Automotive to $65 From $70, Reiterates..
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08/12RBC Cuts Price Target on Rivian Automotive to $75 From $77, Maintains Outperform Rating
MT
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Analyst Recommendations on RIVIAN AUTOMOTIVE, INC.
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Financials (USD)
Sales 2022 1 824 M - -
Net income 2022 -6 567 M - -
Net cash 2022 9 908 M - -
P/E ratio 2022 -5,23x
Yield 2022 -
Capitalization 35 640 M 35 640 M -
EV / Sales 2022 14,1x
EV / Sales 2023 4,89x
Nbr of Employees 10 422
Free-Float 85,3%
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Technical analysis trends RIVIAN AUTOMOTIVE, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 38,90 $
Average target price 52,69 $
Spread / Average Target 35,4%
EPS Revisions
Managers and Directors
Robert Joseph Scaringe Chairman & Chief Executive Officer
Claire McDonough Chief Financial Officer
Nick Kalayjian EVP-Engineering, Product Development & Programs
Frank Klein Chief Operations Officer
Karen Boone Lead Independent Director
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