Analysts gave their thoughts on Rivian's latest quarterly results, with noting there's still uncertainty looming around the company. Meanwhile, Baird upgraded Datadog to outperform after a sell-off in the previous session. Check out the latest calls and chatter below. All times ET. 5:47 a.m.
mountain RIVN year to date Barclays analyst Dan Levy reiterated his equal weight rating, calling the company a "show me story" as Wall Street awaits more clarity on its cost reduction efforts. "RIVN posted a fine 1Q, including an EBITDA beat and maintained 2024 guidance," he wrote. "Yet we believe the key test ahead for RIVN will be on the path of cost reduction – both in the near-term and in the mid-term upon the launch of R2.
mountain DDOG year to date — Fred Imbert
Source: News Formal (newsformal.com)
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