During the last three months, 21 analysts shared their evaluations of Rivian Automotive RIVN, revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 10 | 9 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 2 | 0 | 0 |
| 2M Ago | 0 | 3 | 2 | 0 | 0 |
| 3M Ago | 1 | 4 | 4 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $17.43, a high estimate of $28.00, and a low estimate of $11.00. This current average has decreased by 2.63% from the previous average price target of $17.90.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Rivian Automotive by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Colin Langan | Wells Fargo | Lowers | Equal-Weight | $11.00 | $15.00 |
| Mark Delaney | Goldman Sachs | Lowers | Neutral | $11.00 | $13.00 |
| George Gianarikas | Canaccord Genuity | Lowers | Buy | $28.00 | $30.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Adam Jonas | Morgan Stanley | Lowers | Equal-Weight | $13.00 | $16.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Edison Yu | Deutsche Bank | Announces | Hold | $14.00 | - |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Tom Narayan | RBC Capital | Maintains | Sector Perform | $15.00 | $15.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Joseph Spak | UBS | Lowers | Neutral | $16.00 | $17.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $20.00 | $20.00 |
| Colin Langan | Wells Fargo | Lowers | Equal-Weight | $15.00 | $18.00 |
| Chris Pierce | Needham | Lowers | Buy | $18.00 | $20.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Jordan Levy | Truist Securities | Raises | Hold | $16.00 | $13.00 |
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $19.00 | $19.00 |
| Colin Langan | Wells Fargo | Raises | Equal-Weight | $18.00 | $10.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Rivian Automotive. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Rivian Automotive compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Rivian Automotive's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Rivian Automotive's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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).
A Deep Dive into Rivian Automotive's Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Rivian Automotive's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 3.3%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -125.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Rivian Automotive's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -19.57%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Rivian Automotive's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -9.37%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Rivian Automotive's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.92, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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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