Rivian Automotive Inc. ($RIVN) Stock Forecast: Up 2.0% Today

What is Rivian Automotive Inc.?

Rivian Automotive (RIVN) is an electric vehicle company that has been gaining attention as a potential competitor to Tesla in the EV market. Today, RIVN experienced a strong bullish movement in the stock market.

Why is Rivian Automotive Inc. going up?

RIVN stock is up 2.0% on Nov 11, 2024 16:06

• Despite reporting a steep loss per EV in Q3 and missing revenue estimates, Rivian's stock saw a bullish movement, indicating investor optimism.
• The supply agreement with LG Energy Solution to provide next-generation batteries for their vehicles could have boosted investor confidence in Rivian's future prospects.
• Analysts' caution on Rivian's short-term outlook due to supply chain concerns and missed earnings estimates may have been overshadowed by the long-term potential seen in the company.
• The comparison with Tesla in Gary Black's investment portfolio highlights the different trajectories the two EV companies are taking, potentially influencing investor sentiment towards Rivian's growth prospects.

RIVN Price Chart

RIVN Technical Analysis

RIVN News

Tesla Rival Rivian Reports Steep Loss Of About $40K Per EV In Q3 As Deliveries Hit Lowest Since Q1 2023 - Rivian Automotive ( NASDAQ:RIVN )

EV company Rivian Automotive RIVN reported a gross loss per unit delivered in the third quarter of $39,130, following a drop in deliveries in the three months through the end of September.

https://www.benzinga.com/tech/24/11/41873064/tesla-rival-rivian-reports-steep-loss-of-about-40k-per-ev-in-q3-as-deliveries-hit-lowest-since-q1-2023

Rivian Stock 'Long-Term Winner' In ICE To EV Transition: Analysts Caution On Margins, Volkswagen JV Timeline, 2024 Election Uncertainty - Rivian Automotive ( NASDAQ:RIVN )

Rivian Automotive RIVN analysts are cautious on the short-term outlook for the electric vehicle company with supply chain concerns, after the company missed third-quarter revenue and earnings per share estimates. Truist analyst Jordan Levy maintained a Hold rating on Rivian with a $12 price target.

https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41848846/rivian-stock-long-term-winner-in-gas-to-electric-transition-analyst

Rivian Vs Tesla: How The EV Rivals Stack Up In Gary Black's Investment Portfolio - The Future Fund Active ETF ( ARCA:FFND ) , Rivian Automotive ( NASDAQ:RIVN )

Electric vehicle manufacturers Tesla Inc. TSLA and Rivian Automotive Inc RIVN are charting different trajectories within Gary Black's Future Fund Active ETF FFND, highlighting the evolving dynamics of the EV market.

https://www.benzinga.com/markets/equities/24/11/41834789/rivian-vs-tesla-how-the-ev-rivals-stack-up-in-gary-blacks-investment-portfolio

LG Energy Solution to Supply Next-Generation 4695 Cylindrical Batteries to Rivian

Supply agreement will last over five years and total 67GWh. 4695 cells, offering a long range and high safety, will be produced in the U.S. Batteries will power Rivian's R2 model for the North American market.

https://www.benzinga.com/pressreleases/24/11/n41830933/lg-energy-solution-to-supply-next-generation-4695-cylindrical-batteries-to-rivian

Rivian Automotive ( RIVN ) Reports Q3 Loss, Lags Revenue Estimates

Rivian Automotive (RIVN) delivered earnings and revenue surprises of -15.73% and 9.96%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366869/rivian-automotive-rivn-reports-q3-loss-lags-revenue-estimates

Trending Today

TRON ($TRX) Crypto Forecast: Up 12.5% Today

Binance Coin ($BNB) Crypto Forecast: Down 5.8% Today

Polkadot ($DOT) Crypto Forecast: Down 7.4% Today

XRP ($XRP) Crypto Forecast: Up 15.1% Today

Cardano ($ADA) Crypto Forecast: Down 5.7% Today

Bittensor ($TAO) Crypto Forecast: Down 5.4% Today

Starknet ($STRK) Crypto Forecast: Down 5.8% Today

Aptos ($APT) Crypto Forecast: Down 6.1% Today

Dogecoin ($DOGE) Crypto Forecast: Up 19.2% Today

Bonk ($BONK) Crypto Forecast: Up 38.6% Today

Rivian Automotive Inc. Price History

25.08.2024 - RIVN Stock was down 5.5%

• Despite the introduction of a high-end variant of its R1S SUV, Rivian Automotive (RIVN) witnessed a bearish movement in the stock market.
• Concerns about the impact of a potential ban on Chinese-made vehicles by the Biden administration on Rivian's supply chain and growth prospects contributed to the negative trend.
• Notwithstanding bullish options activity by investors, the apprehensions regarding the import ban's effects on Rivian's operations outweighed the positive sentiment.
• The stock's performance today may have been influenced by the broader market movements and an unexpected interest rate cut by the Federal Reserve, further contributing to Rivian's bearish movement.

06.10.2024 - RIVN Stock was down 7.7%

• Rivian's stock decline is linked to market concerns following the recent election of Donald Trump as the 47th U.S. president, with uncertainty surrounding his policies concerning electric vehicle manufacturers impacting investor confidence in companies like Rivian and Lucid Group.
• Despite securing a long-term power purchase agreement with RWE, one of the largest renewable energy firms in the U.S., Rivian failed to see a significant stock boost, indicating that various market dynamics are currently overshadowing positive developments.
• Anticipation of negative earnings reports for Rivian is also contributing to the prevailing pessimism among investors as uncertainties surrounding the company's financial performance persist.
• The greater decline in Rivian's stock compared to the broader market suggests a distinct investor sentiment towards the company, likely influenced by a mix of macroeconomic factors, industry trends, and internal developments.

06.10.2024 - RIVN Stock was down 8.3%

• The long-term power purchase agreement signed with RWE, a renewable energy giant, might have initially boosted investor confidence, but the lack of positive earnings expectations could have dampened sentiment.
• The negative earnings forecast ahead of the upcoming report could have contributed to the bearish trend as investors may be wary of potential financial performance issues.
• Despite the broader market conditions, Rivian's larger fall compared to the overall market indicates that company-specific factors are likely driving the stock's decline. The market may be reacting to concerns about the company's financial health and future growth prospects.

29.09.2024 - RIVN Stock was down 5.2%

• Financial giants have taken a bearish stance on Rivian Automotive, with 92% of traders showing bearish tendencies, indicating a lack of confidence in the stock's performance.
• Analysts have lowered their estimates on Rivian due to concerns about softening demand and potential production and delivery challenges, leading to a reduced price target. This negative outlook has likely contributed to the bearish movement in the stock.
• The combination of reduced price targets and bearish sentiment from traders suggests that investors are cautious about Rivian's near-term prospects, leading to the bearish market movement today.

12.08.2024 - RIVN Stock was up 5.6%

• The news of former Rivian Communications Chief Sarah O'Brien joining Jony Ive's LoveFrom may have created positive sentiment around Rivian, showcasing the talent associated with the company.
• This move could be seen as a strategic step by Rivian to enhance its brand image and potentially attract more investors.
• The market might be interpreting this transition as a sign of potential future collaborations or developments between Rivian and other innovative companies, leading to increased investor confidence and driving the bullish movement in the stock price.

24.09.2024 - RIVN Stock was up 0.6%

• Rivian's stock exhibited a significant bullish trend despite concerns over demand softening and revised delivery expectations.
• A minor -0.1% decline in stock price could be linked to the adjusted price target from JPMorgan analyst Ryan Brinkman.
• Investors noted bearish options trading trends; however, this did not sway the prevailing positive market outlook on Rivian.
• The optimism surrounding Rivian's future growth prospects continues to drive the bullish movement in the stock price.

04.09.2024 - RIVN Stock was down 5.3%

• Rivian's stock saw a significant decrease today following the company's adjustment of its annual production guidance.
• The scarcity of shared components for the R1 and RCV platforms has hindered Rivian's production targets, causing apprehension among investors.
• This development has instilled a sense of pessimism among investors, leading to a substantial drop in Rivian's stock value as market participants reconsider the company's growth potential in the EV sector.

20.08.2024 - RIVN Stock was down 5.7%

• The introduction of the high-end $100K Tri Max variant of the R1S SUV might have led to increased investor skepticism about Rivian's pricing strategy, potentially contributing to the bearish movement.
• The unexpected decision by the Federal Reserve to cut interest rates could have initially boosted Rivian's stock, but the subsequent bearish movement suggests that broader market conditions and investor sentiment played a more significant role.
• The unusual options activity indicating a bearish stance on Rivian by investors with substantial capital might have spooked other market participants, leading to a sell-off and contributing to the bearish movement.
• The overall negative sentiment towards Rivian, as evidenced by the stock dipping while the market was gaining, could be a result of various factors, including concerns about valuation, competition in the EV market, and general market volatility.

11.10.2024 - RIVN Stock was up 2.0%

• Despite reporting a steep loss per EV in Q3 and missing revenue estimates, Rivian's stock saw a bullish movement, indicating investor optimism.
• The supply agreement with LG Energy Solution to provide next-generation batteries for their vehicles could have boosted investor confidence in Rivian's future prospects.
• Analysts' caution on Rivian's short-term outlook due to supply chain concerns and missed earnings estimates may have been overshadowed by the long-term potential seen in the company.
• The comparison with Tesla in Gary Black's investment portfolio highlights the different trajectories the two EV companies are taking, potentially influencing investor sentiment towards Rivian's growth prospects.

27.08.2024 - RIVN Stock was up 5.1%

• RIVN stock displayed a notable bullish trend today, potentially influenced by various factors:
• Recovery from a recent downgrade, leading to renewed investor confidence in the company's future outlook.
• The proposed domestic ban on Chinese-made vehicles under the Biden administration may have benefited RIVN, positioning it well in the market.
• Observations of unusual options activity, suggesting positive sentiment from well-capitalized investors, likely bolstered market sentiment towards RIVN, prompting increased buying activities.
• In summary, a mix of favorable news developments and optimistic investor sentiment likely drove Rivian Automotive's robust performance in today's trading session.

08.10.2024 - RIVN Stock was up 5.1%

• Rivian's strong bullish movement today could be attributed to the long-term optimism surrounding the company's position in the transition from ICE to EV vehicles.
• Despite concerns about supply chain issues and missed revenue estimates in the third quarter, analysts are still viewing Rivian as a potential winner in the EV space.
• The news of LG Energy Solution supplying next-generation batteries to Rivian for its R2 model could have boosted investor confidence in the company's future growth prospects.
• CEO's confidence in Q4 gross profit and the R2 model being a fundamental driver of growth might have reassured investors and contributed to the bullish momentum in Rivian's stock today.

08.10.2024 - RIVN Stock was up 5.2%

• Despite missing third-quarter revenue and earnings per share estimates, analysts still see Rivian as a long-term winner in the transition from ICE to EV vehicles.
• The supply agreement with LG Energy Solution for next-generation batteries indicates Rivian's commitment to enhancing its products' performance and safety, which could have positively influenced investor sentiment.
• CEO's confidence in Q4 gross profit and the R2 model being a fundamental driver of growth might have reassured investors about Rivian's future prospects, contributing to the bullish movement in the stock.
• The contrasting trajectories of Rivian and Tesla in investment portfolios highlight the competitive dynamics in the EV market, with Rivian carving out its unique position despite short-term challenges.