Rivian (RIVN) drops in pre-market following 4Q delivery miss

Top 10 fintech ideas for 2024

Deutsche bank released their Top 10 financial ideas for 2024, noting investor concern surrounding the stability of the overall economy as well as raised interest rates, inflation, and pricing competition. However, Fintech stocks experienced a notable upturn in the final two months of 2023, fueled by optimism for a gradual recovery and an imminent bounce back.

We believe that leading fintech players are well positioned to outperform in most economic environments given their resilient business models that benefit from both PCE and secular tailwinds, writes Deutsche Bank analysts in a note.

Volume recovery

Deutsche Bank is... More

Wolfe downgrades Rivian (RIVN) ahead of R1 production ramp

Wolfe Research downgraded Rivian Automotive (NASDAQ: RIVN) to Peer Perform (From Outperform) and removed their $33.00 price target on the stock as the company prepares to ramp R1 capacity at their facility in Normal, IL.

During 2023, Rivian reached a significant turning point in its operations, overcoming production hurdles and increasing production from 9,400 vehicles in Q1 to 17,500 vehicles in Q4.

Analysts at Wolfe suggest that a majority of the... More

Amazon.com (AMZN) PT Raised to $220 at Mizuho Securities

Mizuho Securities analyst James Lee raised the price target on Amazon.com (NASDAQ: AMZN) to $220.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Our deep dive into Amazons key metrics gives us incremental confidence in the outlook for FY24. For AWS, we... More

Truist Securities Reiterates Rivian (RIVN) at Buy, 'the production beat looks promising, delivery miss is not substantial enough'

Truist Securities analyst Jordan Levy reiterated a Buy rating and $26.00 price target on Rivian Automotive Inc (NASDAQ: RIVN) following the company's latest delivery report.

The analyst commented: "RIVN shares are trading down ~6% pre-mkt as the company's 4Q deliveries fell modestly short of Street... More

Rivian Automotive (RIVN) produced 17,541 vehicles in Q4

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period.

On a full-year 2023 basis, the company produced 57,232 vehicles and... More