Throughout the last three months, 20 analysts have evaluated Rivian Automotive RIVN, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 10 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 3 | 4 | 1 | 0 |
| 3M Ago | 1 | 2 | 5 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $15.3, with a high estimate of $28.00 and a low estimate of $11.00. Highlighting a 11.3% decrease, the current average has fallen from the previous average price target of $17.25.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Rivian Automotive among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| George Gianarikas | Baird | Lowers | Neutral | $16.00 | $18.00 |
| Mark Delaney | Goldman Sachs | Raises | Neutral | $12.00 | $10.00 |
| Stephen Gengaro | Stifel | Lowers | Buy | $16.00 | $18.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $11.00 | $12.00 |
| Tom Narayan | RBC Capital | Lowers | Sector Perform | $12.00 | $14.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $20.00 | $20.00 |
| Alexander Potter | Piper Sandler | Lowers | Overweight | $19.00 | $21.00 |
| Chris Pierce | Needham | Lowers | Buy | $14.00 | $18.00 |
| George Gianarikas | Baird | Lowers | Outperform | $18.00 | $20.00 |
| Ronald Jewsikow | Guggenheim | Lowers | Buy | $18.00 | $21.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $12.00 | $15.00 |
| Ryan Brinkman | JP Morgan | Lowers | Underweight | $12.00 | $14.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $12.00 | $16.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $13.00 | $16.00 |
| 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 |
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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Rivian Automotive compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Rivian Automotive's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Rivian Automotive analyst ratings.
Delving into Rivian Automotive's Background
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).
Rivian Automotive: Delving into Financials
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 Challenges: Rivian Automotive's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -34.63%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -125.86%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Rivian Automotive's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -17.3%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Rivian Automotive's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -7.43%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.06, caution is advised due to increased financial risk.
Analyst Ratings: Simplified
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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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