In the last three months, 21 analysts have published ratings on Rivian Automotive RIVN, offering a diverse range of perspectives 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 | 8 | 10 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 4 | 1 | 0 |
| 2M Ago | 0 | 4 | 2 | 0 | 0 |
| 3M Ago | 1 | 4 | 3 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $16.33, with a high estimate of $28.00 and a low estimate of $11.00. Highlighting a 8.77% decrease, the current average has fallen from the previous average price target of $17.90.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey 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).
Key Indicators: Rivian Automotive's Financial Health
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: Over the 3 months period, Rivian Automotive showcased positive performance, achieving a revenue growth rate of 3.3% as of 30 June, 2024. This reflects 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: Rivian Automotive's net margin is impressive, surpassing industry averages. With a net margin of -125.82%, 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 -19.57%, 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 -9.37%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Rivian Automotive's debt-to-equity ratio stands notably higher than the industry average, reaching 0.92. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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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