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Rivian's stock drops 0.5% after a price target cut, despite beating Q4 earnings estimates.
Rivian Automotive's stock fell 0.5% after an investment firm lowered its price target from $16.00 to $14.00, maintaining a neutral rating.
Despite the downgrade, Rivian reported better-than-expected Q4 earnings, with a loss of $0.63 per share and revenue of $1.73 billion, exceeding analyst predictions.
The company's market cap is $13.54 billion, and it makes electric vehicles like the R1T pickup and R1S SUV.
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Las acciones de Rivian caen un 0,5% después de un recorte del precio objetivo, a pesar de superar las estimaciones de ganancias del cuarto trimestre.