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Rivian Automotive (RIVN) Stock Forecast & Price Target

$11.60
+0.43 (+3.85%)
(As of 09/27/2024 ET)
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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
11
Buy
11

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, 11 have given a hold rating, and 11 have given a buy rating for RIVN.

Consensus Price Target

$17.91
54.39% Upside
According to the 23 analysts' twelve-month price targets for Rivian Automotive, the average price target is $17.91. The highest price target for RIVN is $30.00, while the lowest price target for RIVN is $13.00. The average price target represents a forecasted upside of 54.39% from the current price of $11.60.
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RIVN Analyst Ratings Over Time

TypeCurrent Forecast
9/30/23 to 9/29/24		1 Month Ago
8/31/23 to 8/30/24		3 Months Ago
7/2/23 to 7/1/24		1 Year Ago
9/30/22 to 9/30/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
12 Buy rating(s)
14 Buy rating(s)
12 Buy rating(s)
Hold
11 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$17.91$18.14$19.04$29.15
Forecasted Upside54.39% Upside28.35% Upside36.79% Upside20.06% Upside
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy

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.
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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.
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Rivian Automotive Stock vs. The Competition

TypeRivian AutomotiveAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.43
2.46
2.50
Consensus RatingHoldHoldHold
Predicted Upside54.39% Upside141.76% Upside6.16% Upside
News Sentiment Rating
Neutral News

See Recent RIVN News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/25/2024Morgan Stanley
3 of 5 stars		 DowngradeOverweight ➝ Equal Weight$16.00 ➝ $13.00+9.80%
9/23/2024Cantor Fitzgerald
3 of 5 stars		 Reiterated RatingOverweight ➝ Overweight$19.00 ➝ $19.00+58.60%
9/10/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars		 Reiterated RatingHold$14.00+7.03%
9/5/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoveragePeer Perform
8/16/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingSector Perform ➝ Sector Perform$15.00 ➝ $15.00+12.78%
8/7/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$17.00 ➝ $16.00+11.19%
8/7/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$18.00 ➝ $15.00+4.17%
8/7/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$20.00 ➝ $20.00+38.89%
8/7/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$20.00 ➝ $18.00+21.62%
8/2/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$13.00 ➝ $16.00+10.57%
7/16/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$14.00 ➝ $16.00-8.57%
7/12/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$11.00 ➝ $15.00-10.50%
7/1/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$20.00 ➝ $30.00+118.18%
7/1/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$11.00 ➝ $14.00+1.82%
6/28/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$12.00 ➝ $13.00-6.41%
6/26/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderweight ➝ Underweight$10.00 ➝ $14.00-7.77%
6/26/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$21.00 ➝ $21.00+75.59%
6/25/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		R. Jewsikow
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$18.00+63.49%
3/7/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$16.00+45.06%
2/26/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$23.00 ➝ $18.00+73.58%
2/22/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$35.00 ➝ $25.00+121.43%
2/22/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$40.00 ➝ $25.00+125.02%
2/22/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$30.00 ➝ $23.00+107.02%
8/11/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$30.00+36.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:38 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 Saturday, September 21, 2024. Please send any questions or comments about these Rivian Automotive pros and cons to contact@marketbeat.com.

Rivian Automotive
Bull Case

green Wall Street bull icon

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

  • Rivian Automotive, Inc. has received positive analyst ratings with price targets indicating potential growth.
  • Recent institutional investments from large firms like Price T Rowe Associates Inc. MD and Baillie Gifford & Co. show confidence in the company's future.
  • Rivian Automotive, Inc. is a key player in the electric vehicle market, which is experiencing significant growth and innovation.
  • The company's focus on designing, developing, and manufacturing electric vehicles aligns with the increasing global demand for sustainable transportation solutions.
  • Despite recent insider selling, Rivian Automotive, Inc. still maintains a portion of insider ownership, indicating continued interest and involvement from key stakeholders.

Rivian Automotive
Bear Case

red Wall Street bear icon

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

  • Rivian Automotive, Inc. is projected to post negative EPS for the current year, which may raise concerns about the company's financial performance.
  • High levels of institutional ownership, such as 66.25% of the stock held by institutional investors and hedge funds, could lead to increased volatility in the stock price.
  • Analyst reports suggesting a potential downside in the stock price, indicating a level of uncertainty surrounding Rivian Automotive, Inc.'s future performance.
  • The electric vehicle market is becoming increasingly competitive, with new entrants and established players vying for market share, potentially impacting Rivian Automotive, Inc.'s growth prospects.
  • Investors may be cautious due to the fluctuating stock price of Rivian Automotive, Inc. and the overall volatility in the electric vehicle sector.

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 $17.91, with a high forecast of $30.00 and a low forecast of $13.00.

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last twelve months. There is currently 1 sell rating, 11 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research 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 54.39% based on their 12-month stock forecasts.

Over the previous 90 days, Rivian Automotive's stock had 1 downgrade by analysts.

Analysts like Rivian Automotive less than other "auto/tires/trucks" companies. The consensus rating score for Rivian Automotive is 2.43 while the average consensus rating score for "auto/tires/trucks" companies is 2.46. Learn more on how RIVN compares to other companies.

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This page (NASDAQ:RIVN) was last updated on 9/29/2024 by MarketBeat.com Staff
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