Rivian Automotive, Inc. (RIVN)
NASDAQ: RIVN · IEX Real-Time Price · USD
14.89
+0.97 (6.97%)
At close: Jul 2, 2024, 4:00 PM
14.88
-0.01 (-0.07%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Rivian Automotive Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Rivian Automotive stock have an average target of 18.52, with a low estimate of 10 and a high estimate of 36. The average target predicts an increase of 24.38% from the current stock price of 14.89.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RIVN stock from 24 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 6 | 7 |
| Buy | 6 | 7 | 7 | 7 | 7 | 6 |
| Hold | 9 | 9 | 10 | 10 | 10 | 10 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 22 | 23 | 23 | 23 | 24 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $19 | Buy | Reiterates | $19 | +27.60% | Jul 1, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $11 → $14 | Hold | Maintains | $11 → $14 | -5.98% | Jul 1, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $11 → $14 | Hold | Maintains | $11 → $14 | -5.98% | Jul 1, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $20 → $30 | Strong Buy | Maintains | $20 → $30 | +101.48% | Jul 1, 2024 |
| Barclays | Barclays | Hold Maintains $10 → $14 | Hold | Maintains | $10 → $14 | -5.98% | Jul 1, 2024 |
Financial Forecast
Revenue This Year
4.82B
from 4.43B
Increased by 8.71%
Revenue Next Year
6.68B
from 4.82B
Increased by 38.55%
EPS This Year
-4.06
from -5.74
EPS Next Year
-2.45
from -4.06
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.5B | 8.4B | 17.4B | 26.0B | 44.2B |
| Avg | 4.8B | 6.7B | 10.7B | 17.9B | 26.7B |
| Low | 4.2B | 5.0B | 6.2B | 13.9B | 19.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.1% | 75.3% | 160.5% | 141.6% | 147.3% |
| Avg | 8.7% | 38.5% | 60.9% | 66.5% | 49.0% |
| Low | -6.0% | 3.8% | -7.0% | 29.7% | 7.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.72 | -0.61 | -0.67 | 0.58 | 2.05 |
| Avg | -4.06 | -2.45 | -2.02 | -1.80 | -1.17 |
| Low | -4.59 | -5.19 | -5.15 | -4.70 | -5.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | - |
| Avg | - | - | - | - | - |
| Low | - | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.