Rivian Automotive (RIVN) Stock Forecast & Price Target

$11.91 +0.31 (+2.67%)

(As of 01:52 PM ET)

Rivian Automotive - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
1

Hold
12

Buy
10

Based on 23 Wall Street analysts who have issued ratings for Rivian Automotive in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 1 has given a sell rating, 12 have given a hold rating, and 10 have given a buy rating for RIVN.

Consensus Price Target

$15.73
32.05% Upside

According to the 23 analysts' twelve-month price targets for Rivian Automotive, the average price target is $15.73. The highest price target for RIVN is $28.00, while the lowest price target for RIVN is $11.00. The average price target represents a forecasted upside of 32.05% from the current price of $11.91.

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RIVN Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	15 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.73	$17.09	$18.14	$28.95
Forecasted Upside	32.05% Upside	63.55% Upside	31.14% Upside	73.77% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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RIVN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIVN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rivian Automotive Stock vs. The Competition

Type	Rivian Automotive	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.39	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	35.58% Upside	263.70% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent RIVN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$10.00 ➝ $12.00	-0.25%
11/11/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$18.00 ➝ $16.00	+44.14%
11/8/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$14.00 ➝ $12.00	+17.76%
11/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$20.00 ➝ $20.00	+97.63%
11/8/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$20.00 ➝ $13.00	+29.35%
11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$20.00 ➝ $18.00	+79.10%
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11/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$18.00 ➝ $14.00	+39.30%
11/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$21.00 ➝ $19.00	+89.05%
11/6/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Jewsikow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$21.00 ➝ $18.00	+86.53%
11/4/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$15.00 ➝ $12.00	+17.65%
10/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$14.00 ➝ $12.00	+17.19%
10/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$16.00 ➝ $12.00	+16.96%
10/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$16.00 ➝ $13.00	+26.71%
10/15/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $11.00	+5.67%
10/7/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$30.00 ➝ $28.00	+171.58%
9/30/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$19.00 ➝ $19.00	+67.40%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$16.00 ➝ $13.00	+9.80%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold	$14.00	+7.03%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
8/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$17.00 ➝ $16.00	+11.19%
6/28/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$12.00 ➝ $13.00	-6.41%
3/7/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$16.00	+45.06%
2/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$35.00 ➝ $25.00	+121.43%
8/11/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$30.00	+36.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:36 PM ET.

Should I Buy Rivian Automotive Stock? RIVN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Rivian Automotive pros and cons to contact@marketbeat.com.

Rivian Automotive
Bull Case

Here are some ways that investors could benefit from investing in Rivian Automotive, Inc.:

Rivian Automotive, Inc. has a strong market presence in the electric vehicle sector, which is experiencing significant growth as consumers shift towards sustainable transportation options.
The company has recently been rated with an "overweight" rating by analysts, with price targets as high as $20.00, indicating potential for stock appreciation.
As of the latest trading session, the stock price is $10.24, which is relatively low compared to its 12-month high of $24.61, suggesting a potential buying opportunity for investors looking for undervalued stocks.
Rivian Automotive, Inc. has a solid financial position with a current ratio of 5.09, indicating that it has more than enough current assets to cover its current liabilities, which is a positive sign for financial stability.
The company has a quick ratio of 3.70, further demonstrating its ability to meet short-term obligations without relying on inventory sales, which can be appealing to risk-averse investors.

Rivian Automotive
Bear Case

Investors should be bearish about investing in Rivian Automotive, Inc. for these reasons:

The company has a negative P/E ratio of -1.83, indicating that it is currently not profitable, which can be a red flag for potential investors.
Insider selling has been observed, with a total of 169,876 shares sold in the last quarter, which may signal a lack of confidence from those within the company.
Rivian Automotive, Inc. has a beta of 2.04, suggesting that its stock is more volatile than the market, which could lead to higher risk for investors.
Recent analyst downgrades have lowered price targets, with some analysts cutting their targets to as low as $12.00, indicating potential concerns about the company's future performance.
Corporate insiders own only 2.51% of the company's stock, which may suggest a lack of alignment between management and shareholder interests.

RIVN Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Rivian Automotive is $15.73, with a high forecast of $28.00 and a low forecast of $11.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last year. There is currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RIVN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIVN, but not buy additional shares or sell existing shares.
: According to analysts, Rivian Automotive's stock has a predicted upside of 32.05% based on their 12-month stock forecasts.
: Over the previous 90 days, Rivian Automotive's stock had 2 downgrades by analysts.
: Rivian Automotive has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Guggenheim, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, The Goldman Sachs Group, Truist Financial, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Rivian Automotive less than other "auto/tires/trucks" companies. The consensus rating score for Rivian Automotive is 2.39 while the average consensus rating score for "auto/tires/trucks" companies is 2.49. Learn more on how RIVN compares to other companies.

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This page (NASDAQ:RIVN) was last updated on 11/26/2024 by MarketBeat.com Staff

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Rivian Automotive (RIVN) Stock Forecast & Price Target