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After Rivian's Q3 report showed $2.155 billion in sales, analysts cut their delivery forecasts.

ResultsRead the original at Benzinga
Good for RIVN

Rivian beat sales and loss estimates and raised its minimum delivery target. It still expects an adjusted loss near $1.8 billion, but improved results and company forecasts outweigh lower analyst price targets.

RIVN · Rivian Automotive Inc.

AI read · Good for RIVN

The AI's read

The better sales and smaller-than-expected loss show Rivian had a stronger quarter than analysts expected. Its higher minimum delivery target and improved loss forecast also point to progress. Analysts still cut their price targets, and Rivian expects an adjusted loss near $1.8 billion. The improved company results and forecasts carry more weight.

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