Rivian Automotive, Inc. (RIVN)
NASDAQ: RIVN · Real-Time Price · USD
10.49
+0.46 (4.59%)
At close: Oct 22, 2024, 4:00 PM
10.38
-0.11 (-1.05%)
Pre-market: Oct 23, 2024, 6:58 AM EDT
Rivian Automotive Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Rivian Automotive stock have an average target of 16.81, with a low estimate of 11 and a high estimate of 28. The average target predicts an increase of 60.25% from the current stock price of 10.49.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 7 | 6 | 6 | 6 |
| Buy | 7 | 7 | 6 | 5 | 4 | 4 |
| Hold | 10 | 10 | 10 | 10 | 12 | 12 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23 | 24 | 24 | 22 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Sell Maintains $14 → $12 | Sell | Maintains | $14 → $12 | +14.39% | Oct 22, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $16 → $12 | Hold | Maintains | $16 → $12 | +14.39% | Oct 16, 2024 |
| Barclays | Barclays | Hold Maintains $16 → $13 | Hold | Maintains | $16 → $13 | +23.93% | Oct 15, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $15 → $11 | Hold | Maintains | $15 → $11 | +4.86% | Oct 15, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $13 → $11 | Hold | Maintains | $13 → $11 | +4.86% | Oct 8, 2024 |
Financial Forecast
Revenue This Year
4.87B
from 4.43B
Increased by 9.88%
Revenue Next Year
6.04B
from 4.87B
Increased by 24.01%
EPS This Year
-3.90
from -5.74
EPS Next Year
-2.74
from -3.90
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.3B | 9.7B | 15.7B | ||
| Avg | 4.9B | 6.0B | 9.2B | ||
| Low | 4.4B | 4.6B | 5.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.5% | 98.9% | 159.5% | ||
| Avg | 9.9% | 24.0% | 52.4% | ||
| Low | -0.2% | -5.2% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -2.88 | -1.90 | -1.30 | ||
| Avg | -3.90 | -2.74 | -2.34 | ||
| Low | -4.62 | -4.61 | -4.67 |
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.