D.A. Davidson Thinks Rivian (RIVN) Stock Can Fall to $24

InvestorPlace2022-06-03

D.A. Davidson analyst Michael Shlisky just initiated coverage of Rivian(NASDAQ:RIVN) stockShlisky assigned the company a price target of $24RIVN stock is down more than 65% year-to-date (YTD)Shares of...

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Comments

WangZhai
2022-06-04
WangZhai
Great article
blessed_1
2022-06-03
blessed_1
What goes down will go up, and vice versa. Retail investors can only follow momentum caused by big boys.
YJ Lee
2022-06-03
YJ Lee
Ok
i am ok
2022-06-03
i am ok
ok
Liuliusg
2022-06-03
Liuliusg
👍
Singman
2022-06-03
Singman
Like

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Davidson analyst Michael Shlisky just initiated coverage of Rivian(NASDAQ:RIVN) stockShlisky assigned the company a price target of $24RIVN stock is down more than 65% year-to-date (YTD)Shares of...</p>\n\n<a href=\"https://investorplace.com/2022/06/d-a-davidson-thinks-rivian-rivn-stock-can-fall-to-24/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>D.A. 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Davidson Thinks Rivian (RIVN) Stock Can Fall to $24\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-03 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/d-a-davidson-thinks-rivian-rivn-stock-can-fall-to-24/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>D.A. Davidson analyst Michael Shlisky just initiated coverage of Rivian(NASDAQ:RIVN) stockShlisky assigned the company a price target of $24RIVN stock is down more than 65% year-to-date (YTD)Shares of...</p>\n\n<a href=\"https://investorplace.com/2022/06/d-a-davidson-thinks-rivian-rivn-stock-can-fall-to-24/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIVN","symbol_name":"Rivian Automotive, Inc.","start_time":0,"source_url":"https://investorplace.com/2022/06/d-a-davidson-thinks-rivian-rivn-stock-can-fall-to-24/","article_id":"1158982722","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158982722","pubTimestamp":1654216921,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"D.A. 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It remains to be seen whether RIVN can continue to accelerate production as smoothly as its remarkable vehicles can drive, especially as new facilities open.”Rivian expects to produce 25,000 vehicles this year, down from its previous guidance of 50,000 vehicles. The company said semiconductor and wire harness shortages have gotten in the way. CEO RJ Scaringe doesn’t expect the semiconductor industry to normalize until next year, either.D.A. Davidson’s initiation also follows a price target reduction from Morgan Stanley. On May 17, analyst Adam Jonaslowered his price target from $85 to $60 per share. That target implies an upside of more than 90%. OnTipRanks, Jonasranks 992out of 7,943 analysts. He has a success rate of 50% and an average one-year return of 7.7%.Like Shlisky, Jonas is concerned about Rivian’s production ramp-up. He notes that, at the time of Rivian’s initial public offering (IPO), the company planned to produce 1 million to 2 million units by 2030. 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Retail investors can only follow momentum caused by big boys.","listText":"What goes down will go up, and vice versa. Retail investors can only follow momentum caused by big boys.","text":"What goes down will go up, and vice versa. Retail investors can only follow momentum caused by big boys.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050455955","repostId":1158982722,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9050556498,"gmtCreate":1654218226014,"gmtModify":1676535414694,"author":{"id":"4108816210230400","authorId":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400","authorIdStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050556498","repostId":1158982722,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9050556272,"gmtCreate":1654218221996,"gmtModify":1676535414683,"author":{"id":"3583010094291363","authorId":"3583010094291363","name":"i am ok","avatar":"https://static.tigerbbs.com/a3e36ab40e4050fb2c6704581088947a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583010094291363","authorIdStr":"3583010094291363"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050556272","repostId":1158982722,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9050528561,"gmtCreate":1654217454853,"gmtModify":1676535414431,"author":{"id":"3571112889855060","authorId":"3571112889855060","name":"Liuliusg","avatar":"https://static.tigerbbs.com/86e7691637ffe866f31f181dbe2ede72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571112889855060","authorIdStr":"3571112889855060"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050528561","repostId":1158982722,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9050520544,"gmtCreate":1654217197988,"gmtModify":1676535414337,"author":{"id":"3575125836760247","authorId":"3575125836760247","name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575125836760247","authorIdStr":"3575125836760247"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050520544","repostId":1158982722,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":137,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158982722"}