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Rivian Only EV Maker That Makes The Cut For Bullish Recommendation Says Analyst: 'Underappreciated Winner' In EV Transition
Monday, November 27, 2023 - 8:51am | 635Following third-quarter earnings from electric vehicle manufacturers, an analyst at Needham reiterated his bullish stance on Rivian Automotive, Inc. (NYSE:RIVN) and stepped to the sidelines on peer Lucid Group, Inc. (NASDAQ:LCID). The EV Analyst: Chris Pierce reiterated a Buy rating and $25 price...
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Fisker Faces Delivery Issues, Intensifying Competition: These Analysts Take Turns At The Q3 Wheel
Tuesday, November 14, 2023 - 2:46pm | 376Fisker Inc (NYSE: FSR) shares tanked in early trading on Tuesday, after the company reported its third-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Needham On Fisker Analyst Chris Pierce maintained a Hold rating...
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Biden Backs Unionization At Tesla, Lucid's Dismal Quarter, Fisker Scouting Manufacturing Partners And More: Biggest EV Stories Of The Week
Saturday, November 11, 2023 - 11:28am | 1308Electric vehicle stocks came under selling pressure in the week that ended on Nov. 11 as the broader market weakness triggered some profit-taking. Lucid Group, Inc. (NASDAQ:LCID) did not help matters any further by reporting a disappointing quarter. Here are the key events that happened in the EV...
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Why This Lucid Analyst Is Bullish On The EV Maker Despite Q3 Disappointment
Wednesday, November 8, 2023 - 9:17am | 337Premium electric vehicle manufacturer Lucid Group, Inc. (NASDAQ:LCI) reported below-consensus third-quarter revenue and also lowered its production guidance for 2023. The stock has reacted to the results with a move to the downside. Notwithstanding the subpar results, Needham analyst Chris Pierce...
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Rivian Stock Jumps To 3-Week High Premarket: What's Going On?
Wednesday, November 8, 2023 - 8:31am | 362Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) rallied in premarket trading on Wednesday after the electric vehicle startup reported above-consensus revenue and bottom-line results for the third quarter. The company reported a non-GAAP loss of $1.19 per share, narrower than the year-ago loss of $1...
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Tesla Sized Up By 9 Analysts After Q3 Earnings: 'Mini Disaster' Conference Call, First Bad Miss In Some Time, A Win For The Bears
Thursday, October 19, 2023 - 12:12pm | 1598Electric vehicle leader Tesla Inc (NASDAQ: TSLA) reported third quarter financial results after market close Wednesday. The company reported revenue and earnings per share that both missed estimates from analysts for the quarter. Here’s a look at what analysts are saying after the recent...
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Tesla Analysts Lose Sleep Over Q3 Margins, Rivian Stock Now Attractively Valued, Fisker Eyes Chinese Frontier And More: Biggest EV Stories Of The Week
Saturday, October 14, 2023 - 9:18am | 1307Electric vehicle stocks turned in a lackluster performance in the week that ended on Oct. 13, with the volatility in the broader market serving a a drag on a week during which inflation and the start of the earnings season took the spotlight. Market leader Tesla, Inc. (NASDAQ:TSLA) had a down week...
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Why Rivian Stock Is Accelerating To The Upside In Today's Premarket
Tuesday, October 10, 2023 - 7:49am | 374Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) rose sharply in premarket trading, reversing some of the downward move they witnessed in recent sessions. Close on the heels of Wedbush analyst Daniel Ives reducing the price target for the stock from $32 to $25, two other sell-side analysts have...
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Lucid Group's Q2 Deliveries 'Disappointing,' Yet Saudi Arabia Shipments Seen As Positive: Analyst Insights On Earnings
Tuesday, August 8, 2023 - 11:08am | 388Shares of Lucid Group Inc (NASDAQ: LCID) remained choppy in early trading on Tuesday, as investors digested the company’s second-quarter results. The report came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Needham On Lucid Group Analyst...
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How Rivian Became Analysts' Darling: All Upsides Of Tesla, Minus The Risks?
Monday, July 31, 2023 - 2:04am | 743Rivian Automotive, Inc‘s (NASDAQ:RIVN) standing among sell-side firms has improved notably, particularly after the company reported its second-quarter deliveries. A slew of analysts upped their price target for the shares of the electric vehicle startup. An analyst, who announced...
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Tesla Moves Forward With India Plans, Rivian Gets Another Price Target Boost, Chinese Startups Seek German Lifeline: Biggest EV Stories Of The Week
Saturday, July 29, 2023 - 9:00am | 1073Most electric vehicle stocks advanced in the week that ended on July 28 amid broader market strength, thanks to earnings-induced optimism and several company-specific catalysts. Tesla, Inc. (NASDAQ:TSLA) shares came under some volatility during the week before clawing back their losses. Here are...
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Tesla Analysts Chime In On Margins, Cybertruck, FSD Licensing And More: 'Would Use Any Pullback To Accumulate Shares'
Thursday, July 20, 2023 - 10:23am | 1052Electric vehicle giant Telsa Inc (NASDAQ: TSLA) reported second-quarter financial results that came in ahead of Street consensus estimates Wednesday after market close. Analysts are sizing up the report and what’s ahead for the company. The Tesla Analysts: Baird analyst Ben Kallo has an...
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Tesla Analyst Sees No Victory For Bears From Cybertruck But Points To This As Real Worry Going Ahead
Wednesday, July 5, 2023 - 10:12am | 452Tesla, Inc.'s (NASDAQ:TSLA) strong second-quarter delivery numbers failed to attract an analyst at Needham into the bullish camp. The Tesla Analyst: Needham analyst Chris Pierce reiterated a Neutral rating on Tesla stock. The Tesla Thesis: Tesla's inventories grew at a slower rate and this should...
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Rivian Stock Rips Over 7% Higher Premarket: What's Going On?
Wednesday, July 5, 2023 - 7:39am | 344Shares of electric vehicle startup Rivian Automotive, Inc. (NASDAQ:RIVN) surged in premarket trading on Wednesday. The Rivian Analyst: Following Rivian’s second-quarter deliveries beat, Needham analyst Chris Pierce reiterated a “buy” rating and raised the price...
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Rivian Is 'Executing Where It Matters Most': 4 Analysts Size Up Improving Gross Margins, 50K Vehicle Guidance — And That Amazon Relationship
Wednesday, May 10, 2023 - 12:07pm | 889Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) reported first-quarter financial results that saw revenue and earnings per share both beat estimates from analysts. Here’s a look at what analysts are saying after the report. The Rivian Analysts: Truist Securities analyst...