Rivian Automotive, Inc. Class A Common Stock

Rivian Automotive, Inc. Class A Common Stock Stock Forecast & Price Prediction

Live Rivian Automotive, Inc. Class A Common Stock Stock (RIVN) Price
$10.59

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$10.59

P/E Ratio

-1.84

Volume Traded Today

$58.6M

Dividend

Dividends not available for RIVN

52 Week High/low

24.62/8.26

Rivian Automotive, Inc. Class A Common Stock Market Cap

$10.81B

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RIVN Summary

Based on ratings from 0 stock analysts, the Rivian Automotive, Inc. Class A Common Stock stock price is expected to increase by 53.92% in 12 months. This is calculated by using the average 12-month stock price forecast for Rivian Automotive, Inc. Class A Common Stock. The lowest target is $11 and the highest is $28. Please note analyst price targets are not guaranteed and could be missed completely.

RIVN Analyst Ratings

About 0 Wall Street analysts have assignedRIVN 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Rivian Automotive, Inc. Class A Common Stock to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on RIVN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

RIVN stock forecast by analyst

These are the latest 20 analyst ratings of RIVN.

Analyst/Firm

Rating

Price Target

Change

Date

George Gianarikas
Baird

Outperform

$18

Maintains

Nov 8, 2024
Chris Pierce
Needham

Buy

$14

Maintains

Nov 8, 2024
Tom Narayan
RBC Capital

Sector Perform

$12

Maintains

Nov 8, 2024
Daniel Ives
Wedbush

Outperform

$20

Reiterates

Nov 8, 2024
Alexander Potter
Piper Sandler

Overweight

$19

Maintains

Nov 8, 2024
Vijay Rakesh
Mizuho

Neutral

$11

Maintains

Nov 8, 2024
Ronald Jewsikow
Guggenheim

Buy

$18

Maintains

Nov 6, 2024
Vijay Rakesh
Mizuho

Neutral

$12

Maintains

Nov 4, 2024
Ryan Brinkman
JP Morgan

Underweight

$12

Maintains

Oct 22, 2024
Jordan Levy
Truist Securities

Hold

$12

Maintains

Oct 16, 2024
Dan Levy
Barclays

Equal-Weight

$13

Maintains

Oct 15, 2024
Colin Langan
Wells Fargo

Equal-Weight

$11

Maintains

Oct 15, 2024
Mark Delaney
Goldman Sachs

Neutral

$11

Maintains

Oct 8, 2024
George Gianarikas
Canaccord Genuity

Buy

$28

Maintains

Oct 7, 2024
Andres Sheppard
Cantor Fitzgerald

Overweight

$19

Reiterates

Sep 30, 2024
Adam Jonas
Morgan Stanley

Equal-Weight

$13

Downgrade

Sep 25, 2024
Andres Sheppard
Cantor Fitzgerald

Overweight

$19

Reiterates

Sep 23, 2024
Andres Sheppard
Cantor Fitzgerald

Overweight

$19

Reiterates

Sep 16, 2024
Edison Yu
Deutsche Bank

Hold

$14

Reinstates

Sep 10, 2024
Andres Sheppard
Cantor Fitzgerald

Overweight

$19

Reiterates

Sep 9, 2024

RIVN Company Information

What They Do: Designs and sells electric vehicles and accessories.

Business Model: The company generates revenue by selling electric vehicles, including the R1T pickup truck and R1S SUV, directly to consumers and commercial markets. Additionally, it offers various services such as digital financing, telematics-based insurance, and maintenance, as well as operating charging networks and fleet management solutions.

Other Information: Founded in 2009 and based in Irvine, California, Rivian also collaborates with Amazon for its Electric Delivery Van platform, enhancing its business prospects in the commercial sector.
RIVN
Rivian Automotive, Inc. Class A Common Stock (RIVN)

When did it IPO

2021

Staff Count

16,790

Country

United States

Sector/Industry

Consumer Cyclical/Auto Manufacturers

CEO

Mr. Robert Joseph Scaringe Ph.D.

Market Cap

$10.81B

Rivian Automotive, Inc. Class A Common Stock (RIVN) Financial Data

In 2023, RIVN generated $4.43B in revenue, which was a increase of 167.43% from the previous year. This can be seen as a signal that RIVN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$0

Revenue From 2021

$55.0M

0.00 %
From Previous Year

Revenue From 2022

$1.66B

2,914.55 %
From Previous Year

Revenue From 2023

$4.43B

167.43 %
From Previous Year
  • Revenue TTM $4.55B
  • Operating Margin TTM -133.8%
  • Gross profit TTM $-2,030,000,000
  • Return on assets TTM -22.8%
  • Return on equity TTM -67.2%
  • Profit Margin -121.4%
  • Book Value Per Share 5.78%
  • Market capitalisation $10.81B
  • Revenue for 2021 $55.0M
  • Revenue for 2022 $1.66B
  • Revenue for 2023 $4.43B
  • EPS this year (TTM) $-5.60

Rivian Automotive, Inc. Class A Common Stock (RIVN) Latest News

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - 24/7 Wall Street

Summary - Tesla Inc. (NASDAQ: TSLA) experienced a stock surge following the election, while shares of smaller competitor Rivian Automotive Inc. are also noted.

Why It Matters - Tesla's surge indicates strong market confidence, which may impact Rivian's competitiveness and investor sentiment in the EV sector, influencing stock performance and investment decisions.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Proactive Investors

Summary - Rivian Automotive (NASDAQ:RIVN) reported Q3 revenue of $874 million, missing estimates by $16 million, with an adjusted loss per share of $0.99, worse than the $0.92 forecast.

Why It Matters - Rivian's lower Q3 revenue and bigger-than-expected loss signal ongoing supply chain challenges, potentially impacting future growth and investor confidence in the EV market.

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Finbold

Summary - Analysts caution that Donald Trump's election, while positively impacting markets, may pose challenges for electric vehicle manufacturer Rivian (NASDAQ: RIVN).

Why It Matters - A potential power shift could impact Rivian's growth prospects and regulatory environment, affecting investor sentiment and stock performance.

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - Rivian Automotive (RIVN) faces short-term caution from analysts due to supply chain issues, following a miss on Q3 revenue and EPS estimates.

Why It Matters - Caution from analysts on Rivian's short-term outlook due to supply chain issues and missed revenue targets may signal potential volatility and risks for investors considering the stock.

News Image

Fri, 08 Nov 2024

Sentiment - NEGATIVE

Source - Market Watch

Summary - Wall Street displayed caution towards the EV maker following a mixed quarterly performance, considering potential impacts of a future Trump administration.

Why It Matters - Mixed results from the EV maker raise concerns about growth and profitability, while potential political changes could influence regulatory and market conditions, affecting investor sentiment.

News Image

Fri, 08 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - RIVN missed Q3 expectations, but signs of improvement are noted. Investors may consider whether to buy now or wait for clearer recovery signals.

Why It Matters - RIVN's Q3 miss may signal volatility, but potential recovery hints can influence stock valuation and timing for investment decisions.

...

RIVN Frequently asked questions

The highest forecasted price for RIVN is $28 from Adam Jonas at Morgan Stanley.

The lowest forecasted price for RIVN is $11 from Michael Shlisky from DA Davidson

The RIVN analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.