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What Is Rivian Automotive Inc?
Rivian Stock Price Prediction 2024 To 2050 : Rivian Automotive Inc. is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009 .
The company produces electric sport utility vehicles (SUVs) and pickup trucks on a “skateboard” platform that can support future vehicles or be adopted by other companies .
Rivian offers five-passenger pickup trucks and seven-passenger sports utility vehicles . The company has a history of working on autonomous and electric vehicles, and a partnership with Amazon for an electric delivery van . Rivian also produces batteries and outdoor recreation products.
What Is Rivian Stock Price Prediction 2024 ?
According to the issued ratings of 20 analysts in the last year, the consensus rating for Rivian Automotive stock is Moderate Buy based on the current 5 hold ratings and 15 buy ratings for RIVEN.
The average twelve-month price prediction for Rivian Automotive is $28.95 with a high price target of $44.00 and a low price target of $15.00. However, it’s important to note that these predictions are subject to change based on market conditions, stock price volatility, and an uncertain macroeconomic environment.
Rivian Stock Price Prediction 2024 Per Share
As of November 24, 2023, the current stock price of Rivian Automotive Inc. is $16.43 . It’s worth noting that stock prices are highly volatile and subject to change based on various factors such as market trends, company performance, and global events.
Metric | Value |
---|---|
Previous Close | 15.98 |
Open | 15.98 |
Bid | 16.38 x 2900 |
Ask | 16.37 x 2200 |
Day’s Range | 15.78 – 16.47 |
52 Week Range | 11.68 – 32.60 |
Volume | 15,023,645 |
Avg. Volume | 37,049,839 |
Market Cap | 15.735B |
Beta (5Y Monthly) | 2.05 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -6.02 |
Earnings Date | Nov 07, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 26.83 |
Rivian Stock Price Prediction 2024
Year | Rivian stock price prediction 2024 |
2024 | $140.5 To $170.34 |
Rivian stock price prediction for 2024 is $140.35 as the first target and $170.34 as the second target. Overall, in 2024, the Rivian stock price forecast is it could range from $95.5 To $142.34.
Rivian Stock Price Prediction 2025
Year | Rivian stock price prediction 2025 |
2025 | $185 to $230 |
Rivian stock price prediction for 2025 is $185.35 as the first target and $230.46 as the second target. Overall, in 2025, the Rivian stock price forecast is it could range from $188.34 to $246.45.
These price predictions are achievable as demand for EV cars is increasing day by day and Rivian is getting success in establishing contracts for supplying to various companies.
Last year, Rivian secured a deal with Amazon for providing 100,000 electric delivery vans, which pushed up demand for their electric vans. There is one more EV maker in the market called Lucid Motors.
Rivian Stock Price Prediction 2030
Year | Rivian stock price prediction 2030 |
2030 | $745.34 to $845.45 |
Rivian stock price prediction for 2030 is $745 as the first target and $845.45 as the second target. Overall, in 2030, the Rivian stock price forecast is it could range from $745.34 to $845.45.
Rivian Stock Price Prediction 2035
Year | Rivian Stock Price Prediction 2035 |
2035 | $945.35 to $1230.45 |
Rivian stock price prediction for 2035 is $945.35 as the first target and $1230.46 as the second target. Overall, in 2035, the Rivian stock price forecast is that it could range from $945.35 to $1230.45.
Rivian Stock Price Prediction 2024,2025, 2030, 2035, 2050
Year | Rivian Stock Price Prediction 2024,2025, 2030, 2035, 2050 |
2024 | $45 to $70 |
2025 | $185.34 to $230.45 |
2030 | $745.35 to $845.45 |
2040 | Nearly $1500 |
2050 | Around $2349 |
Above table displays information about Rivian Stock Price Prediction 2024,2025, 2030, 2035, 2050 on the basis of technical analysis done by experts.
Is Rivian Stock A Buy Or A Sell With The EV Startup Increasing 2023 Production Guidance?
Rivian Automotive (RIVN) is making waves in the electric vehicle (EV) market, challenging industry giants like Tesla (TSLA), Ford (F), and General Motors (GM) with its adventure-styled electric vehicles. In a recent surprise move, Rivian reported better-than-expected third-quarter revenue and raised its EV production guidance for 2023.
Despite the positive news, challenges persist for Rivian. The company reported a loss of $1.19 per share in Q3, albeit less than anticipated, and has faced execution hiccups, product recalls, and price increases. The stock has experienced volatility since its IPO two years ago, with the market conditions and supply-chain issues contributing to its roller-coaster ride.
Rivian’s recent performance has left analysts cautiously optimistic. While Wedbush analyst Dan Ives maintained an outperform rating on RIVN, he emphasized the need for sustained positive performance before the company regains full credit from Wall Street.
The road to profitability for Rivian seems to be a longer journey, with concerns raised about its quarterly cash burn, production rates, and the competitive cost structure. Analysts, including those from UBS and CFRA, highlight the need for further improvements before the company becomes a more attractive investment.
Despite these challenges, Rivian has made strategic moves, such as expanding its customer base for commercial electric vans and amending exclusivity agreements with Amazon. The company’s 2023 adjusted EBITDA loss is expected to be $4 billion, an improvement from its previous estimate.
In conclusion, while Rivian’s recent revenue performance and increased production guidance for 2023 are positive signs, the stock’s profitability and competitive positioning remain uncertain. Analysts suggest that investors should closely monitor the company’s future performance and innovations before considering Rivian as a solid buy. As the EV market evolves and competitors adjust prices, Rivian’s ability to navigate these challenges will play a crucial role in determining its success in the industry.
Source: Yahoo Finance
Should I buy Rivian stock?
Yes, as per our analysis Rivian is a good stock to buy because of many reasons such as
- They are mainly focused on utility trucks, as per research, doing business in a particular niche has more chances of getting success.
- Currently, the EV boom has to come. So, people who start early when some revolution is about have more chances of getting success.
- As Tesla is dominating EVs. What do you think? That only they will dominate in EV for the next decade?
- Do you trust in long-term investment? If yes, then Rivian stock is a good one to buy now to hold for a year to make a massive profit. As per experts, only those people who get success in the stock market spends time in it instead of timing it.
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FAQs
Should I Buy Rivian shares?
It depends on your investment goals. Currently, Rivian is facing problems in production because of the supply chain. So, if production is slow means less fulfilment of orders and less profit. So, it could be a risk to invest in Rivian, and could become good as well, it all depends on production at the moment.
Will Rivian Stocks Grow In The Future?
Yes, in the stock market you can’t say if it will grow or not as well. It all depends on the fundamentals of the company as well. 290,000 vehicle delivery is expected by 2025 with $25.8 billion in revenue. 701,918 vehicle delivery is expected by 2030 with $78.7 billion in revenue. So, from these figures, you can expect what could happen.
Why Is Rivian Stock So Low?
Currently, the company is facing problems with mass production and delivery due to supply-chain shortages. Fewer deliveries of cars mean fewer sales, and fewer sales mean less profit. If a company is not making a profit, it is certain that its share price will go down or that there are any issues going on inside the company’s management.
These days, the news is getting viral about the upcoming recession. So, people are scared these days and do not put their money into shares instead they are dumping shares which causes the stock prices to go down.
Are Rivian Stocks Overpriced?
Yes, Rivian stock is overpriced based on its production, which is currently affected due to supply-chain shortages around the globe.
What Is The Prediction For Rivian Stock?
- Rivian stock price prediction for 2022 is $45 to $70.
- Rivian Stock Price Prediction 2024 is $45 To $70
- Rivian stock price prediction for 2025 is $188.34 to $246.45.
- Rivian stock price prediction for 2030 is $745.34 to $845.45.
- Rivian stock price prediction for 2040 is around $1500.
- Rivian stock price prediction for 2050 is around $2349.
Will Rivian Stock Recover?
Yes, Rivian stock will recover in the future as the company is getting stronger day by day and acquiring more and more clients for their trucks.
What Will Rivian Stock Be Worth In 5 Years?
As per analysis, the stock price of Rivian in the next 5 years will hit 3 digits back and will trade over $500
Is Rivian Publicly traded Company?
Yes, Rivian stock is publicly traded and it is registered on NYSE with ticker code RIVN.
What is Rivian stock price prediction for 2025?
Rivian stock price prediction for 2025 is $185 to $230. RIVEN can reach these price targets easily by the end of the year 2025.
Is Rivian Stock A Good Buy?
Yes, at the current price of nearly $32 USD, it’s a good bargain. Currently, the company holds over $16 billion in cash and their sales are increasing daily they are also focusing on their products as well. Due to sexy-looking trucks, people are more interested in Rivian trucks.
The Bull Case For Rivian
Being a first mover in EVs Rivian has become the first producer for delivering EV trucks to their clients. They have already attached a huge amount of people to their trucks and have 1000s of pre-orders in their hands. Recently in 2022, Rivian secured a deal with Amazon.INC for providing EV vans for the purpose of delivery and pickup.
The Bear Case For Rivian
Since the start of May 2022, Rivian has only produced around 5,000 E-vehicles and they are expecting to finish 2022 by producing nearly 25,000 vehicles. The production rate for Rivian is quite less in comparison to other competitors such as Ford which sold over a million vehicles in 2021 and Tesla which produced around 300,000 cars in the first quarter of 2022.
Conclusion On Rivian Stock Price Prediction 2024
So in this post, we discussed Rivian Automotive Inc (NASDAQ: RIVN) market cap, share price, PE ratio, a 52-week low, and high. Also in this post the main focus was on discussing Rivian stock price predictions for 2024 2025, 2030, 2040, and 2050 based on technical analysis by experts, historical prices, and current market news.
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