Barclays Sticks to Its Hold Rating for Rivian Automotive (RIVN)
Barclays analyst Dan Levy maintained a Hold rating on Rivian Automotive today and set a price target of $14.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Levy is a 3-star analyst with an average return of 2.3% and a 40.14% success rate. Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Rivian Automotive, and Autoliv.
In addition to Barclays, Rivian Automotive also received a Hold from Cantor Fitzgerald’s Andres Sheppard in a report issued on April 15. However, on April 10, Tigress Financial reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN).
Based on Rivian Automotive’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.29 billion and a GAAP net loss of $811 million. In comparison, last year the company earned a revenue of $1.73 billion and had a GAAP net loss of $743 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Last month, Jay Flatley, a Director at RIVN sold 580.00 shares for a total of $11,773.05.
Read More on RIVN:
Disclaimer & DisclosureReport an Issue
- Rivian’s R2 Isn’t Just a Car – It’s Training Its AI Future
- Moderately bullish activity in Rivian with shares up 3.44%
- Rivian still plans $45,000 variant for R2 line over next year, CEO says
- Rivian CEO says R2 production on track despite Illinois factory damage
- DoorDash (DASH) Deserves a Second Look as the Business Quietly Strengthens
