Across the recent three months, 30 analysts have shared their insights on Rivian Automotive RIVN, expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 13 | 1 | 2 |
| Last 30D | 0 | 1 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 4 | 0 | 1 |
| 2M Ago | 4 | 3 | 6 | 1 | 1 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Rivian Automotive, presenting an average target of $17.07, a high estimate of $25.00, and a low estimate of $8.00. A 23.86% drop is evident in the current average compared to the previous average price target of $22.42.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of Rivian Automotive by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $23.00 | - |
| Jordan Levy | Truist Securities | Maintains | Hold | $11.00 | $11.00 |
| Emmanuel Rosner | Deutsche Bank | Maintains | Hold | $15.00 | - |
| Vijay Rakesh | Mizuho | Announces | Neutral | $12.00 | - |
| Alexander Potter | Piper Sandler | Raises | Overweight | $21.00 | $15.00 |
| Alexander Potter | Piper Sandler | Raises | Overweight | $21.00 | $15.00 |
| Tom Narayan | RBC Capital | Maintains | Sector Perform | $15.00 | - |
| Joseph Spak | UBS | Raises | Sell | $9.00 | $8.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $20.00 | - |
| Tom Narayan | RBC Capital | Maintains | Sector Perform | $15.00 | $15.00 |
| Philippe Houchois | Jefferies | Announces | Buy | $16.00 | - |
| Adam Jonas | Morgan Stanley | Lowers | Overweight | $14.00 | $24.00 |
| Stephen Gengaro | Stifel | Lowers | Buy | $18.00 | $23.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $11.00 | $26.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $12.00 | $16.00 |
| Joseph Spak | UBS | Lowers | Sell | $8.00 | $24.00 |
| Chris McNally | Evercore ISI Group | Lowers | Outperform | $25.00 | $35.00 |
| Alexander Potter | Piper Sandler | Lowers | Neutral | $15.00 | $21.00 |
| Ryan Brinkman | JP Morgan | Lowers | Underweight | $11.00 | $20.00 |
| Michael Shlisky | DA Davidson | Lowers | Neutral | $17.00 | $19.00 |
| George Gianarikas | Baird | Lowers | Outperform | $23.00 | $30.00 |
| John Murphy | B of A Securities | Lowers | Buy | $25.00 | $40.00 |
| Vijay Rakesh | Mizuho | Lowers | Buy | $24.00 | $30.00 |
| Colin Langan | Wells Fargo | Lowers | Equal-Weight | $14.00 | $18.00 |
| Chris Pierce | Needham | Lowers | Buy | $18.00 | $22.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $16.00 | $25.00 |
| Mark Delaney | Goldman Sachs | Lowers | Neutral | $17.00 | $20.00 |
| Chris Pierce | Needham | Lowers | Buy | $22.00 | $25.00 |
| Dan Levy | Barclays | Lowers | Overweight | $25.00 | $27.00 |
| Emmanuel Rosner | Deutsche Bank | Lowers | Hold | $19.00 | $29.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Rivian Automotive. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rivian Automotive compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Rivian Automotive's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Rivian Automotive's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Rivian Automotive analyst ratings.
Unveiling the Story Behind Rivian Automotive
Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
Unraveling the Financial Story of Rivian Automotive
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Rivian Automotive showcased positive performance, achieving a revenue growth rate of 98.34% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Rivian Automotive's net margin is impressive, surpassing industry averages. With a net margin of -115.67%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Rivian Automotive's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -15.45%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Rivian Automotive's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -9.15%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.56.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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