Rivian (RIVN) stock soars 20% after earnings

Core Viewpoint - Rivian reported stronger-than-expected Q4 results, achieving its first annual gross profit, which led to a significant increase in its stock price after hours [1][2]. Financial Performance - Rivian's Q4 revenue was $1.29 billion, surpassing the expected $1.26 billion, while the loss per share was $0.54, better than the anticipated $0.68 [2]. - The company achieved its first annual gross profit of $144 million, with Q4 contributing $120 million [2]. Stock Market Reaction - Following a decline of over 5% during the February 12 session, Rivian's stock rebounded by nearly 20% in after-hours trading, reaching a price of $16.77 [1][3]. Future Outlook - Rivian's guidance for 2025 includes expectations to ship between 62,000 and 67,000 vehicles, indicating a potential annual delivery growth of up to 59% [5]. - Despite the positive outlook, the company anticipates operating at a loss in the current year, which poses risks to investors [6]. Analyst Ratings and Market Sentiment - Wall Street analysts maintain a 'Hold' rating for Rivian, with a price target of $17.75, which is above the recent trading price but reflects cautious sentiment [8][11]. - The only recent rating revision was bearish, with Mizuho Securities assigning a 'Sell' rating while raising the price forecast from $10 to $11 [11].