Professional
Added to YB: 2024-09-10
Pitch date: 2024-06-30
RIVN [bullish]
Rivian Automotive, Inc.
+15.82%
current return
Author Info
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Company Info
Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles.
Market Cap
$20.4B
Pitch Price
$13.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.59
P/E
-5.36
EV/Sales
3.63
Sector
Automobiles
Category
growth
Show full summary:
Meridian Hedged Equity Fund Porfolio Holding - Rivian Automotive, Inc.
RIVN trimmed position: EV maker focused on adventure vehicles, trucks & vans. Strong brand, products & vertical integration. Cost cuts & positive gross margins by end 2024. VW JV (up to $5B) validates tech & improves financing. Trimmed after strong performance.
Read full article (1 min)