Rivian stock dropped 4.8% after Cantor Fitzgerald downgraded it

From StockStory Org is not associated with any specific media company.: 2025-02-21 16:41:18

Shares of Rivian (NASDAQ:RIVN) dropped 4.8% after Cantor Fitzgerald analysts downgraded the stock due to disappointing Q4 2024 earnings. Rivian missed full-year EBITDA guidance but exceeded revenue, EPS, and EBITDA expectations. The company’s gross margin and free cash flow turned positive for the first time, indicating progress. The stock closed at $12.95, down 4.7% from the previous close. The market views the news as significant but not fundamentally changing Rivian’s outlook. Rivian’s joint venture with Volkswagen, worth up to $5.8 billion, aims to enhance electric vehicle technology across various segments. Rivian is trading 28.6% below its 52-week high.



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