Wednesday's analyst calls: Rivian earnings reaction, cloud stock to jump more than 20%

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Stock Markets,Datadog Inc,Rivian Automotive Inc

A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday.

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

 

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