Rivian Automotive Inc.Rivian Automotive Inc.Rivian Automotive Inc.

Rivian Automotive Inc.

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Rivian Automotive now expects 40,000 to 46,000 vehicle deliveries this year, down from 46,000 to 51,000. Capital spending is raised to $1.8-$1.9 billion. Q1 gross profit was $206 million.
UBS raised Rivian Automotive's price target from $12 to $13, while Wells Fargo lowered it from $14 to $13, and Wedbush cut its target from $20 to $18.
Wedbush analysts kept an Outperform rating for Rivian Automotive, praising its vision, while Morgan Stanley highlighted the need for Rivian to demonstrate its AI capabilities soon.
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