Market forces rained on the parade of Rivian Automotive, Inc. (NASDAQ:RIVN) shareholders today, when the analysts downgraded their forecasts for this year. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
After the downgrade, the 23 analysts covering Rivian Automotive are now predicting revenues of US$4.9b in 2024. If met, this would reflect a notable 11% improvement in sales compared…
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