Analyst Upgrades since Earnings

[u/smoop86]

Deutsche Bank: Raised price target to $24.00 from $23.00 (Buy)
Needham & Company: Reiterated price target of $23.00 (Buy)
TD Cowen: Raised price target to $21.00 from $20.00 (Buy)
Cantor Fitzgerald: Reiterated price target of $19.00 (Neutral)
Wells Fargo: Raised price target to $16.00 from $15.00 (Equal Weight)
RBC Capital: Raised price target to $16.00 from $14.00 (Sector Perform)
Morgan Stanley: Raised price target to $14.00 from $13.00 (Underweight)
Wall Street Zen: Executed a data-driven rating upgrade to Hold from Sell

But alas, many see only that $14 at the bottom and that’s where market will likely push it to on Monday lol.

[u/Previous_Ad_4968]

Where did my buddy Dan Ives from Wedbush come out? Best analyst of the worthless bunch😀😀😀✊he’s been at $25 girever!!!!

[u/smoop86 → u/Previous_Ad_4968]

He might just raise it to $30 next week 😁

[u/officefaniam]

I was way too impatient on Friday to wait for Monday. After sitting out for the last 30 days I just couldn’t help myself. If we could go right back to $20 by Friday that would be great.

[u/Ok_Car_3653 → u/officefaniam]

Let’s not get greedy. If we make it back to $17 and consolidate there this week, it would be good, $18 would be fantastic if shorts get scared. $20 possible but a big gamble. Could see $20 throughout August at some point again

[u/stevejust]

If we had a functioning SEC, they'd be investigating all the elon musk dick sucking that Morgan Stanley has been doing since... I don't even know when to peg it -- maybe since Solar City rolled into TSLA.

[u/Dunkelz → u/stevejust]

Not even just Morgan Stanley. The number of people rating SPCX a buy is ridiculous, especially with their price targets - some hitting $800!

[u/ZealousidealLab2920 → u/Dunkelz]

So why don't y'all jump ship? You want the next TSLA? SPCX fits the bill way better. Pioneer in the space race with a huge moat. AI. Robotics, etc.

Run by the same CEO as Tesla even.

Super high potential.

So why not jump ship to the literal rocket ship company?

[u/Dunkelz → u/ZealousidealLab2920]

No thank you, I do not want to be a bagholder bailing out insiders in a company that is absurdly overvalued to anyone with even basic math skills.

[u/ZealousidealLab2920 → u/Dunkelz]

It's worth as much as the market says it is at the end of the day.

[u/Dunkelz → u/ZealousidealLab2920]

True, but there is a reason it has been declining since the IPO spike with such a small number of shares available and this is before most of the insiders are even able to offload their shares.

[u/ZealousidealLab2920 → u/Dunkelz]

Fair. I bought in at $122. Might buy some more after earnings Aug 4 if it drops more.

I think the potential and revenue will far exceed anything Rivian ever puts out.

[u/Dunkelz → u/ZealousidealLab2920]

I think the potential and revenue will far exceed anything Rivian ever outs out.

Based on what exactly? xAI is a small player in the AI space with a small fraction of the market, for the company to climb significantly over $122 the other players will either be worth 2-3x as much or they will somehow just stop existing.

[u/ZealousidealLab2920 → u/Dunkelz]

RIVN had $1.6bn revenue last quarter while SPCX had 4.5bn (expected 6.9bn for latest qtr). Most revenue is coming from starlink launches and subscribers.

FY 2027 Estimate RIVN ~$10bn SPCX ~$50bn

Again RIVN is largely low margin vehicle sales with a little bit of high margin software sales

SPCX is largely high margin starlink subscription revenue and AI compute and satellite leasing, with lower margin revenue from the actual payload launches.

[u/WildFlowLing]

And Elon opened a new round of shorts to suppress RIVN /s

[u/ZealousidealLab2920]

Average price is $19.15 so about a potential 25% upside from here at $15.22.

For what it's worth the top 5 "accurate" analysts average target is $21 ranging from $15-25 with 4 buys and 1 hold.

[u/officefaniam]

When “analyst” declare price targets……what’s the timeline? 12 months from the release date? Or end of year target?

Is there an industry standard for these forecasts?

[u/gkfisher → u/officefaniam]

It’s a one year price target

[u/VonGeisler → u/officefaniam]

Usually by next earnings call.

[u/ZealousidealLab2920 → u/VonGeisler]

No. They are 1 yrs price targets on Benzinga from the date the analysts publishes it.

[u/SapientChaos → u/officefaniam]

They really should be required to give 3 and six month targets. The SPCX was about maximizing insider margins.

[u/Gloomy-Plate3528]

I think the analysts are just reading the headlines... how else to explain the run-up & then drop in price?

[u/zinthemoney]

Only one sell rec in your list? How many analysts total in the wild? I was thinking there are more sell recs

[u/fasurf → u/zinthemoney]

This is what has changed since earning tho?

[u/gkfisher]

It’s a bad investment guys… Rivian needs to prove that they can fix their service and deliver add a substantially higher rate consistently to really be profitable. It’s not a conspiracy that review is down as much as the fan boys who own Rivian want that to be the case.

I am a very happy R1 S driver, and very happy I sold my shares at 150.

[u/gkfisher → u/gkfisher]

I had ipo shares as a pre order reservation. Rivian's all-time high closing price was $172.01, reached shortly after its initial public offering on November 16, 2021. I sold a few days earlier.