Rivian Automotive (RIVN) Stock Forecast & Price Target

$16.21

-0.04 (-0.25%)

(As of 07/26/2024 ET)

Rivian Automotive - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 25 Analyst Ratings

Based on 25 Wall Street analysts who have issued ratings for Rivian Automotive in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 1 has given a sell rating, 10 have given a hold rating, and 14 have given a buy rating for RIVN.

Consensus Price Target

$19.79
22.10% Upside

High Forecast	$44.00
Average Forecast	$19.79
Low Forecast	$13.00

According to the 25 analysts' twelve-month price targets for Rivian Automotive, the average price target is $19.79. The highest price target for RIVN is $44.00, while the lowest price target for RIVN is $13.00. The average price target represents a forecasted upside of 22.10% from the current price of $16.21.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	10 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$19.79	$19.17	$19.61	$27.28
Forecasted Upside	22.10% Upside	44.40% Upside	49.45% Upside	36.67% Upside

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RIVN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RIVN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rivian Automotive Stock vs. The Competition

Type	Rivian Automotive	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.52	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	22.10% Upside	343.75% Upside	9.09% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/22/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$19.00 ➝ $19.00	+10.40%
7/18/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$10.00 ➝ $18.00	+4.90%
7/17/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$13.00 ➝ $17.00	-5.24%
7/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$14.00 ➝ $16.00	-8.57%
7/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$11.00 ➝ $15.00	-10.50%
7/1/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$20.00 ➝ $30.00	+118.18%
Get the Latest News and Ratings for RIVN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rivian Automotive and its competitors with MarketBeat's FREE daily newsletter.
7/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$11.00 ➝ $14.00	+1.82%
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$11.00 ➝ $14.00	+1.82%
6/28/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$12.00 ➝ $13.00	-6.41%
6/28/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$10.00 ➝ $17.00	+16.20%
6/28/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$13.00 ➝ $20.00	+38.22%
6/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$10.00 ➝ $14.00	-7.77%
6/26/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$21.00 ➝ $21.00	+75.59%
6/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$15.00 ➝ $20.00	+67.22%
6/26/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$10.00 ➝ $13.00	+8.70%
6/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Jewsikow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$18.00	+63.49%
4/2/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$15.00	+41.64%
3/7/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$16.00	+45.06%
2/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$23.00 ➝ $18.00	+73.58%
2/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$35.00 ➝ $25.00	+121.43%
2/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $25.00	+125.02%
2/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$30.00 ➝ $23.00	+107.02%
1/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Peer Perform
8/11/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$30.00	+36.92%
9/23/2022	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Garrett Nelson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sell	$25.00	-25.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:35 AM ET.

RIVN Forecast - Frequently Asked Questions

What is Rivian Automotive's forecast for 2024?: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Rivian Automotive is $19.79, with a high forecast of $44.00 and a low forecast of $13.00.
Should I buy or sell Rivian Automotive stock right now?: 25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last year. There is currently 1 sell rating, 10 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RIVN shares.
Does Rivian Automotive's stock price have much upside?: According to analysts, Rivian Automotive's stock has a predicted upside of 38.35% based on their 12-month stock forecasts.
What analysts cover Rivian Automotive?: Rivian Automotive has been rated by research analysts at Barclays, Canaccord Genuity Group, Cantor Fitzgerald, DA Davidson, Guggenheim, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Royal Bank of Canada, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Rivian Automotive more than its competitors?: Analysts like Rivian Automotive more than other "auto/tires/trucks" companies. The consensus rating for Rivian Automotive is Moderate Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how RIVN compares to other companies.