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Rivian Automotive Inc has a consensus price target of $19.38 based on the ratings of 25 analysts. The high is $36 issued by Tigress Financial on July 27, 2023. The low is $13 issued by DA Davidson on June 28, 2024. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, RBC Capital, and Cantor Fitzgerald on August 19, 2024, August 16, 2024, and August 7, 2024, respectively. With an average price target of $17.67 between Cantor Fitzgerald, RBC Capital, and Cantor Fitzgerald, there's an implied 25.21% upside for Rivian Automotive Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rivian Automotive (NASDAQ:RIVN) was reported by Cantor Fitzgerald on August 19, 2024. The analyst firm set a price target for $19.00 expecting RIVN to rise to within 12 months (a possible 34.66% upside). 83 analyst firms have reported ratings in the last year.
The latest analyst rating for Rivian Automotive (NASDAQ:RIVN) was provided by Cantor Fitzgerald, and Rivian Automotive reiterated their overweight rating.
The last upgrade for Rivian Automotive Inc happened on April 16, 2024 when UBS raised their price target to $9. UBS previously had a sell for Rivian Automotive Inc.
The last downgrade for Rivian Automotive Inc happened on March 25, 2024 when Mizuho changed their price target from N/A to $12 for Rivian Automotive Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rivian Automotive, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Rivian Automotive was filed on August 19, 2024 so you should expect the next rating to be made available sometime around August 19, 2025.
While ratings are subjective and will change, the latest Rivian Automotive (RIVN) rating was a reiterated with a price target of $19.00 to $19.00. The current price Rivian Automotive (RIVN) is trading at is $14.11, which is out of the analyst’s predicted range.
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