
Rivian Automotive (RIVN) Stock Forecast & Price Target
Rivian Automotive (RIVN) Analyst Ratings
Bulls say
Rivian Automotive is showing promising growth potential with its range of electric vehicles and software integration opportunities. The recent decision to increase initial Georgia plant capacity by 50% indicates the company's confidence in demand and long-term profitability. However, there are still risks involved, such as supply chain issues and competition from other major players in the EV market. Due to the company's strong management and brand reputation, a premium valuation is justified, with a target price of $25.00 based on 51.5x 2028 EBITDA of $722M.
Bears say
Rivian Automotive is an electric vehicle automaker that has a negative outlook due to relatively elevated risks and the need for the R2 launch to be highly successful in order to meet its financial goals. While the company is developing autonomous driving software and has received an anchor order for its electric delivery van from Amazon, projected financials and projections are lower than previously estimated due to lower average selling prices. Additionally, while the partnership with Uber for autonomous vehicles has potential, it involves significant upfront costs. Ultimately, the success of the R2 launch and its ability to drive earnings and margins will be a key factor in Rivian's long-term prospects.
This aggregate rating is based on analysts' research of Rivian Automotive and is not a guaranteed prediction by Public.com or investment advice.
Rivian Automotive (RIVN) Analyst Forecast & Price Prediction
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