Rivian Automotive Inc has a consensus price target of $18.08, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Cantor Fitzgerald, Wells Fargo, and Needham on May 8, 2024. With an average price target of $12.67 between Cantor Fitzgerald, Wells Fargo, and Needham, there's an implied 27.30% upside for Rivian Automotive Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for Rivian Automotive (NASDAQ: RIVN) was reported by Cantor Fitzgerald on May 8, 2024. The analyst firm set a price target for $15.00 expecting RIVN to rise to within 12 months (a possible 50.75% upside). 72 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 maintained 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 May 8, 2024 so you should expect the next rating to be made available sometime around May 8, 2025.
While ratings are subjective and will change, the latest Rivian Automotive (RIVN) rating was a maintained with a price target of $23.00 to $15.00. The current price Rivian Automotive (RIVN) is trading at is $9.95, which is out of the analyst’s predicted range.
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