Rivian Automotive, Inc. (RIVN)
NASDAQ: RIVN · IEX Real-Time Price · USD
11.87
+0.35 (3.04%)
At close: Jun 10, 2024, 4:00 PM
11.80
-0.07 (-0.59%)
After-hours: Jun 10, 2024, 7:59 PM EDT
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Rivian Automotive stock have an average target of 17.27, with a low estimate of 9.00 and a high estimate of 36. The average target predicts an increase of 45.49% from the current stock price of 11.87.
Analyst Consensus: Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $9.00 | $17.27 | $16 | $36 |
| Change | -24.18% | +45.49% | +34.79% | +203.29% |
* Price targets were last updated on May 8, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 5 | 5 | 5 | 5 | 5 |
| Buy | 6 | 6 | 7 | 7 | 7 | 7 |
| Hold | 7 | 9 | 9 | 10 | 10 | 10 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 1 | 1 | 0 | 0 | 0 |
| Total | 20 | 22 | 23 | 23 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $23 → $15 | Buy | Maintains | $23 → $15 | +26.37% | May 8, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $14 → $10 | Hold | Maintains | $14 → $10 | -15.75% | May 8, 2024 |
| Needham | Needham | Strong Buy Reiterates $13 | Strong Buy | Reiterates | $13 | +9.52% | May 8, 2024 |
| Mizuho | Mizuho | Hold Maintains $12 → $11 | Hold | Maintains | $12 → $11 | -7.33% | May 8, 2024 |
| Truist Securities | Truist Securities | Hold Reiterates $11 → $10 | Hold | Reiterates | $11 → $10 | -15.75% | May 2, 2024 |
Financial Forecast
Revenue This Year
4.81B
from 4.43B
Increased by 8.57%
from 4.43B
Revenue Next Year
6.68B
from 4.81B
Increased by 38.68%
from 4.81B
EPS This Year
-4.04
from -5.74
from -5.74
EPS Next Year
-2.45
from -4.04
from -4.04
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 55.00M | 1.66B | 4.43B | 4.81B | 6.68B | 10.74B | 16.08B | 23.79B |
| Revenue Growth | - | - | - | 2,914.55% | 167.43% | 8.57% | 38.68% | 60.93% | 49.64% | 48.00% |
| EPS | -4.35 | -10.09 | -22.98 | -7.40 | -5.74 | -4.04 | -2.45 | -2.02 | -1.71 | -0.94 |
| EPS Growth | - | - | - | - | - | - | - | - | - | - |
| Forward PE | - | - | - | - | - | - | - | - | - | - |
| No. Analysts | - | - | - | - | - | 29 | 29 | 23 | 6 | 6 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.5B | 8.4B | 17.4B | 22.9B | 36.0B |
| Avg | 4.8B | 6.7B | 10.7B | 16.1B | 23.8B |
| Low | 4.2B | 5.0B | 6.2B | 13.9B | 19.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.1% | 75.5% | 160.6% | 113.6% | 124.1% |
| Avg | 8.6% | 38.7% | 60.9% | 49.6% | 48.0% |
| Low | -6.0% | 3.9% | -7.0% | 29.7% | 18.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.72 | -0.61 | -0.67 | 0.69 | 2.15 |
| Avg | -4.04 | -2.45 | -2.02 | -1.71 | -0.94 |
| Low | -4.51 | -5.19 | -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.
