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Jun 25, 2024 4:51 PM - Davit Kirakosyan
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Rivian Automotive (NASDAQ:RIVN) shares rose more than 6% intra-day today after Guggenheim analysts initiated coverage on the company with a Buy rating and a price target of $18.
The analysts believe that despite the current negative sentiment towards electric vehicles, Rivian is well-positioned to appeal to an increasing segment of younger, tech-savvy consumers. They argue that Rivian can showcase how EVs not only offer environmental benefits but also provide a superior product experience compared to internal combustion engine (ICE) vehicles, thanks to advanced software, technology, and thoughtful design elements.
Their detailed analysis of Rivian's path to breakeven and the economic potential of its R2 and R3 models leads them to conclude that Rivian will emerge as a market leader as the EV industry recovers. The analysts advise clients to buy Rivian shares ahead of an expected positive inflection in the company's results in the second half of the year.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...