Rivian a Bullish Fresh Pick at Baird
<p>Baird Equity Research analysts selected <a href='https://financialmodelingprep.com/financial-summary/RIVN'>Rivian Automotive (NASDAQ:RIVN)</a> as a "bullish fresh pick" for the third quarter, indicating an optimistic outlook. </p>
<p>The analysts anticipate that the company will surpass consensus expectations. They see third-quarter deliveries as a short-term catalyst and expect improved investor sentiment as Rivian benefits from cost advantages resulting from an enhanced supply chain and the use of in-house components.</p>
<p>Despite Rivian's decision to no longer disclose preorder figures, recent statements from the company's management suggest that demand remains strong, particularly for the R1S model. Baird estimates that the waiting time for an R1S is around 12 months, with slightly shorter lead times for the R1T. According to Baird's analysis, Rivian is likely to grapple with supply constraints relative to demand until 2024.</p>

NASDAQ:RIVN