Analyst Ratings Coverage
Wells Fargo (Rank#11) on November 8th, issued a research report and lowered the 12 month target on Rivian’s stock to $19 from $24 per share. The analyst maintained the “Equal Weight” rating on the company’s stock.
The target was also lowered by Cantor Fitzgerald & Co. (Rank#78) to $27 from $29 per share, while maintaining the “Overweight” rating on the stock.
RIVN Stock Analysis
Analyst Target Price: The average analyst target price for Rivian Automotive Inc is USD 26.20 over the next 12 months. This figure is derived from the consensus of 20 financial analysts who specialize in tracking the company. It represents the collective expectation that, based on their analysis of Rivian Automotive Inc’s financial performance, growth potential, and industry dynamics, the stock is anticipated to reach approximately USD 26.20 within the next year.
Average Analyst Rating: The average analyst rating for Rivian Automotive Inc is described as “Buy.” This suggests that, on average, most of the analysts covering the company’s stock believe it is a favorable investment at its current price. A “Buy” rating typically reflects a positive outlook for the stock and indicates that analysts expect it to perform well.
Stock Target Advisor Analysis: Stock Target Advisor provides its own analysis of Rivian Automotive Inc’s stock, categorizing it as “Slightly Bearish.” This categorization is based on a combination of positive and negative signals.
Positive Signals: The analysis identifies 3 positive signals, which might include factors like favorable financial metrics, encouraging industry trends, or positive company-specific developments. These signals could be indicative of reasons to be optimistic about Rivian Automotive Inc’s stock.
Negative Signals: There are also 4 negative signals, which could encompass concerns such as high valuation, competitive challenges, or economic uncertainties. These signals may indicate reasons for caution or a less favorable outlook for the stock.
Recent Stock Performance: As of the last closing, Rivian Automotive Inc’s stock price was USD 17.42. Over the past week, the stock price increased by +7.40%, signifying a significant gain in a short time frame. However, over the past month, the stock price declined by -7.93%, indicating some short-term volatility and potential challenges. Over the last year, the stock price experienced a substantial decline of -44.38%, suggesting that it has faced significant obstacles over a longer time period.
