Rivian Automotive, Inc. (RIVN)
NASDAQ: RIVN · IEX Real-Time Price · USD
10.25
-0.08 (-0.77%)
At close: May 7, 2024, 4:00 PM
9.68
-0.57 (-5.56%)
After-hours: May 7, 2024, 7:59 PM EDT
Rivian Automotive Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Rivian Automotive stock have an average target of 17.86, with a low estimate of 9.00 and a high estimate of 36. The average target predicts an increase of 74.24% from the current stock price of 10.25.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RIVN stock from 23 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 7 | 5 | 5 | 5 | 5 |
| Buy | 6 | 6 | 6 | 7 | 7 | 7 |
| Hold | 5 | 7 | 9 | 9 | 10 | 10 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 1 | 1 | 0 | 0 |
| Total | 19 | 20 | 22 | 23 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Reiterates $11 → $10 | Hold | Reiterates | $11 → $10 | -2.44% | May 2, 2024 |
| Barclays | Barclays | Hold Maintains $12 → $10 | Hold | Maintains | $12 → $10 | -2.44% | Apr 19, 2024 |
| Needham | Needham | Strong Buy Maintains $18 → $13 | Strong Buy | Maintains | $18 → $13 | +26.83% | Apr 18, 2024 |
| UBS | UBS | Strong Sell → Hold Upgrades $9 | Strong Sell → Hold | Upgrades | $9 | -12.20% | Apr 16, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $11 | Hold | Maintains | $11 | +7.32% | Apr 12, 2024 |
Financial Forecast
Revenue This Year
4.93B
from 4.43B
Increased by 11.16%
Revenue Next Year
7.63B
from 4.93B
Increased by 54.78%
EPS This Year
-4.12
from -5.74
EPS Next Year
-2.58
from -4.12
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.9B | 10.0B | 18.8B | 22.9B | 36.0B |
| Avg | 4.9B | 7.6B | 11.9B | 16.1B | 23.8B |
| Low | 4.2B | 5.0B | 6.0B | 13.9B | 19.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.6% | 103.0% | 146.1% | 93.6% | 124.1% |
| Avg | 11.2% | 54.8% | 55.4% | 35.6% | 48.0% |
| Low | -4.6% | 1.4% | -20.8% | 17.5% | 18.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.52 | -0.85 | -0.55 | 0.69 | 2.15 |
| Avg | -4.12 | -2.58 | -1.98 | -1.71 | -0.94 |
| Low | -5.11 | -5.49 | -5.15 | -4.36 | -4.90 |
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.