Rivian Automotive (RIVN) Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last twelve months. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RIVN shares.
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20 equities research analysts have issued twelve-month price objectives for Rivian Automotive's stock. Their RIVN share price forecasts range from $15.00 to $44.00. On average, they anticipate the company's stock price to reach $29.15 in the next year. This suggests a possible upside of 41.6% from the stock's current price.
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Rivian Automotive's stock was trading at $18.43 on January 1st, 2023. Since then, RIVN stock has increased by 11.7% and is now trading at $20.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Rivian Automotive, Inc. (NASDAQ:RIVN) announced its quarterly earnings data on Tuesday, August, 8th. The electric vehicle automaker reported ($1.08) EPS for the quarter, beating analysts' consensus estimates of ($1.42) by $0.34. The electric vehicle automaker earned $1.12 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rivian Automotive had a negative net margin of 200.97% and a negative trailing twelve-month return on equity of 38.91%. Rivian Automotive's revenue was up 208.0% compared to the same quarter last year. During the same period last year, the business posted ($1.89) EPS.

ETFs with the largest weight of Rivian Automotive (NASDAQ:RIVN) stock in their portfolio include VanEck Green Infrastructure ETF (RNEW), ALPS Clean Energy ETF (ACES), Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Parabla Innovation ETF (LZRD), Global X Lithium & Battery Tech ETF (LIT), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Self-Driving EV and Tech ETF (IDRV) and SoFi Social 50 ETF (SFYF).

(RIVN) raised $9.1 billion in an initial public offering on Wednesday, November 10th 2021. The company issued 153,000,000 shares at a price of $57.00-$62.00 per share.

Rivian Automotive trades on the NASDAQ under the ticker symbol "RIVN."

Rivian Automotive's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.94%), Capital Research Global Investors (1.42%), State Street Corp (1.25%), Mirae Asset Global Investments Co. Ltd. (0.91%), Geode Capital Management LLC (0.90%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl, Motor Co Ford, Robert J Scaringe and Rose M Marcario.
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Shares of RIVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RIVN stock can currently be purchased for approximately $20.59.

Rivian Automotive (NASDAQ:RIVN) has a market capitalization of $19.52 billion and generates $1.66 billion in revenue each year. The electric vehicle automaker earns $-6,752,000,000.00 in net income (profit) each year or ($6.47) on an earnings per share basis.

The company employs 14,122 workers across the globe.

The official website for the company is www.rivian.com. The electric vehicle automaker can be reached via phone at 888-748-4261 or via email at ir@rivian.com.