Rivian Automotive Inc (RIVN) PT Raised to $8 at CFRA
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Go back to Rivian Automotive Inc (RIVN) PT Raised to $8 at CFRA
January 3, 2025 9:26 AM EST
Truist Securities analyst Jordan Levy reiterated a Hold rating and $12.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst commented: "This morning, Rivian reported 4Q24 production/delivery numbers that came in 11%/6% ahead of Street estimates, respectively, as the company delivered on its... More
January 3, 2025 8:32 AM EST
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period.
On a full-year 2024 basis, the company produced 49,476 vehicles and delivered 51,579. These figures were in line with managements full-year 2024 guidance of 47,000 to 49,000 vehicles produced and 50,500 to 52,000 vehicles delivered. In addition, the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint on Rivians production.
The company also... More
