Rivian Analyst Takes Down Price Target By Over 30%: Why EV Maker's Underperformance Is Positive For GM, Ford, Tesla
Rivian Analyst Takes Down Price Target By Over 30%: Why EV Maker's Underperformance Is Positive For GM, Ford, Tesla
See Also: Best Electric Vehicle StocksRivian Automotive Inc. (NASDAQ:RIVN) reported disappointing revenue for the fourth quarter and guided 2023 deliveries below consensus expectations.
Rivian 汽车公司 纳斯达克股票代码：RIVN）公布了令人失望的第四季度收入，预计2023年的交付量低于共识预期。
The Rivian Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating but reduced the price target from $37 to $25.
Rivian 分析师： Wedbush 分析师 丹尼尔·艾夫斯 维持优于大盘的评级，但将目标价从37美元下调至25美元。
The Rivian Thesis: Rivian's quarter was mixed but investors were more concerned about the 2023 production guidance, Ives said in a note. The analyst said the company is plagued by a myriad of production issues at its main factory in Illinois and provided softer guidance of 50,000 for 2023.
里维安论文： 艾夫斯在一份报告中表示，Rivian的季度涨跌互现，但投资者更担心2023年的产量指引。这位分析师表示，该公司在伊利诺伊州的主要工厂受到无数生产问题的困扰，并给出了较为温和的2023年50,000的预期。
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"While this is a massively complex operation in Normal, IL it is disappointing that 18 months later Rivian remains in this spider web of production issues," the analyst said. This will worry investors that customers may gravitate to rivals such as General Motor Corp. (NYSE:GM), Ford Motor Co. (NYSE:F) and Tesla Inc. (NASDAQ:TSLA) as reservations get pushed out, he added.
这位分析师说：“尽管在伊利诺伊州诺默尔市这是一项非常复杂的业务，但令人失望的是，18个月后，Rivian仍然处于生产问题蜘蛛网中。”这将使投资者担心，客户可能会被竞争对手所吸引，例如 通用汽车公司 （纽约证券交易所代码：GM）， 福特汽车公司 （纽约证券交易所代码：F）和 特斯拉公司 （纳斯达克股票代码：TSLA）他补充说，随着保留的取消。
As time ticks, the cash burn situation puts more pressure on Rivian in 2024/25, forcing it to consider raising more capital, Ives said.
艾夫斯说，随着时间的流逝，现金消耗情况在2024/25年给Rivian带来了更大的压力，迫使它考虑筹集更多资金。
"We still strongly believe in the Rivian long term story, however, last night was not what the bulls were hoping for."
“我们仍然坚信 Rivian 的长期故事，但是，昨晚并不是多头所希望的。”
Price Action: In premarket trading, Rivian shares were sliding 8.66% to $17.63, according to Benzinga Pro data.
价格走势： Benzinga Pro的数据显示，在盘前交易中，Rivian股价下跌8.66％，至17.63美元。
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继续阅读： 特斯拉的 “2016-2018” 困境与Rivian 当前面临的挑战：芒斯特重点介绍了 1 个关键区别
