Wall Street Cuts RIVN Earnings Outlook: Sell the Stock or Wait it Out?
Rivian Automotive(RIVN) ZACKS·2024-09-13 00:26
California-based electric vehicle (EV) startup Rivian Automotive (RIVN) has been witnessing deteriorating estimate revisions for its bottom line lately. Over the past week, estimates for Rivian’s loss per share have widened for the remaining quarters of 2024 and for full-year 2024 and 2025. Given these estimate revisions, it seems that analysts are losing confidence in the stock. With concerns regarding Rivian’s near-term outlook growing, is it time for you to sell the stock or stay patient through the down ...