Shares of Rivian Automotive Inc. (NASDAQ: RIVN) have seen a recent decline due to a significant analyst downgrade and disappointing delivery statistics, falling 4.4% over five trading sessions. Despite this, the share price remains about 6% higher than 90 days prior. Although the company reported adjusted losses of $0.48 per share and revenue of $1.24 billion, analysts responded negatively, downgrading stock ratings or reducing price targets. Rivian's forecast for lower deliveries in 2025 contrasts with the expected strong growth of the EV market.
Despite surpassing Wall Street's expectations with adjusted losses of $0.48 per share versus analyst expectations of $0.92 per share, the stock fell almost 6% the next day, closing at $12.72 per share.
Rivian Automotive Inc. forecasts lower deliveries for 2025 than in 2024, even as the EV market is expected to grow at a CAGR of 32% through 2030.
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