In the last three months, 15 analysts have published ratings on Rivian Automotive RIVN, offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 9 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 4 | 0 | 0 |
| 3M Ago | 0 | 2 | 5 | 0 | 0 |
Analysts have set 12-month price targets for Rivian Automotive, revealing an average target of $12.73, a high estimate of $23.00, and a low estimate of $9.00. This current average has decreased by 6.26% from the previous average price target of $13.58.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Rivian Automotive among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| Andres Sheppard | Cantor Fitzgerald | Maintains | Overweight | $15.00 | $15.00 |
| Chris Pierce | Needham | Maintains | Buy | $13.00 | $13.00 |
| Andres Sheppard | Cantor Fitzgerald | Lowers | Overweight | $15.00 | $23.00 |
| Colin Langan | Wells Fargo | Lowers | Equal-Weight | $10.00 | $14.00 |
| Vijay Rakesh | Mizuho | Lowers | Neutral | $11.00 | $12.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $10.00 | $11.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $10.00 | $12.00 |
| Chris Pierce | Needham | Lowers | Buy | $13.00 | $18.00 |
| Joseph Spak | UBS | Maintains | Neutral | $9.00 | $9.00 |
| Jordan Levy | Truist Securities | Maintains | Hold | $11.00 | $11.00 |
| Adam Jonas | Morgan Stanley | Lowers | Overweight | $13.00 | $14.00 |
| 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 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Rivian Automotive. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rivian Automotive compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Rivian Automotive's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Rivian Automotive's market standing. Stay informed and make data-driven decisions with 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).
Rivian Automotive's Economic Impact: An Analysis
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 31 March, 2024, the company achieved a revenue growth rate of approximately 82.15%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Rivian Automotive's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -120.1%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Rivian Automotive's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -16.8%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Rivian Automotive's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -8.9%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Rivian Automotive's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.64.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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