Rivian Stock: Wall Street Analysts Predict Q2 Deliveries

Rivian Automotive's Highly Anticipated Deliveries

Rivian Automotive, the electric vehicle manufacturer, is gearing up to release its second-quarter delivery numbers. Wall Street analysts have been closely monitoring the company's progress, with estimates ranging widely.

Analyst Forecasts

According to a survey of 23 analysts, the average price target for Rivian stock is $45.24, with a high target of $70 and a low target of $25. The analysts have been basing their forecasts on the company's financial performance, production capacity, and market demand.

Recent Performance

In the first quarter of 2023, Rivian reported a production output of 10,000 vehicles. The company also secured a major deal with Amazon for the delivery of 100,000 electric delivery vans by 2030.

Market Impact

Rivian's upcoming delivery numbers are expected to have a significant impact on the company's stock price. Strong deliveries could boost investor confidence and drive the stock price higher, while disappointing numbers could lead to a sell-off.

Stay Tuned

The exact delivery numbers and their impact on Rivian's stock price will be revealed when the company releases its official results. Stay tuned for updates as the story develops.