Rivian misses revenue estimate, but shares bounce on outlook

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Truist Securities on Rivian Automotive Inc (RIVN) Q3 2022 Earnings: 'we'd caution investors not to weigh the R2 commentary too heavily'

November 9, 2022 4:39 PM EST

Truist Securities analyst Jordan Levy reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst comments "Rivian reported strong 3Q results including a beat on EBITDA, in-line revs and capex meaningfully below vs. our estimates. Further, the company... More