Rivian Automotive, Inc RIVN Stock Price, Quote & News
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, val… According to 23 analysts, the average rating for RIVN stock is “Buy.” The 12-month stock price forecast is $15.67, which is an increase of 53.03% from the latest price. Electric vehicle (EV) demand is expected to plunge as President-elect Donald Trump has indicated he plans to cut EV tax credits during his second term in the White House. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
Rivian Automotive (RIVN) Stock Price, News & Analysis
Rivian (RIVN) is no longer the underdog in the EV market—it’s the rising star poised to challenge Tesla’s dominance. how to use polygon matic staking While Tesla stumbles, alienating its core base of environmentally-conscious consumers, Rivian is positioning itself as the brand that embodies sustainability, inclusivity, and long-term value. With plans for an even more budget-friendly R3 model, Rivian is targeting a broader consumer base, aiming to convert skeptics and dominate the EV mid-market segment. Therefore, while the consensus price target may not be a reliable indicator of how much RIVN could gain, the direction of price movement it implies does appear to be a good guide. Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1%, as two estimates have moved higher while one has gone lower. Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs.
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Going by the price targets, the mean estimate of $15.26 indicates a potential upside of 44.2%. Analysts’ growing optimism over the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That’s because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Rivian Automotive, Inc. (RIVN) is not on our list of the 31 Most Popular Stocks Among Hedge Funds.
The average comprises 23 short-term price targets ranging from a low of $11 to a high of $28, with a standard deviation of $4.69. While the lowest estimate indicates an increase of 4% from the current price level, the most optimistic estimate points to a 164.7% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates.
Short interest of 18% also sets the stage for a dramatic squeeze should positive catalysts materialize. While risks like cash burn and dilution remain, Rivian’s trajectory points to a transformative 2025, where investments in R&D and manufacturing could pay off handsomely. That said, while investors should not entirely Trading insurance ignore price targets, making an investment decision solely based on them could lead to disappointing ROI.
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Provides a general description of the business conducted by this company. Rivian and VW’s partnership is good news for Rivian, but it comes with a big cost to shareholders. The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the coming years. Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create “cutting edge” EV technology. All the names in today’s Big 3 show upside potential, but Aquiles Larrea notes resistance they need to break through.
- Rivian’s current $6.73 billion cash reserve represents more than half its $10 billion valuation, highlighting a stark market mispricing.
- Rivian Automotive, Inc. (RIVN)’s share was trading at $10.05 as of Nov 20th.
- The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
- Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen.
- Analysts’ growing optimism over the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock.
Options Trades in SMCI and RIVN
The company was founded in 2009 and is based in San Jose, California. Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the c… As the electric vehicle landscape charges forward, Tesla Inc TSLA and Rivian Automotive Inc RIVN stand as two of the most-watched U.S. players in the industry. Goldman Sachs analyst Mark Delaney maintained a neutral rating on Rivian Automotive Inc. Select to analyze similar companies using key performance metrics; select up to 4 stocks.
As per our database, 31 hedge fund portfolios held RIVN at the end of the third quarter which was 37 in the previous quarter. If you are looking for top 28 most famous day traders and their secrets an AI stock that is more promising than RIVN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide.
