Short interest of 18% also sets the stage for a dramatic squeeze should positive catalysts materialize. While risks How to Become a Project Manager like cash burn and dilution remain, Rivian’s trajectory points to a transformative 2025, where investments in R&D and manufacturing could pay off handsomely. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI.
- Rivian and VW’s partnership is good news for Rivian, but it comes with a big cost to shareholders.
- Meanwhile, Rivian (RIVN) expands its partnership with Volkswagen as it aims to increase EV produ…
- In regard to its capabilities, the truck can go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems.
- According to 23 analysts, the average rating for RIVN stock is “Buy.” The 12-month stock price forecast is $15.67, which is an increase of 53.03% from the latest price.
The smaller the standard deviation, the greater the agreement among serious coinbase surveillance warning sparks bitcoin backlash analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
So, price targets should always be treated with a high degree of skepticism. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That’s because the ability and unbiasedness of analysts in setting price targets have long been questionable. Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. President-elect Trump wants to eliminate the $7,500 tax credit on electric vehicles, which would hurt Tesla the most. The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles.
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Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Rivian Automotive (RIVN) raised $9.1 billion in an IPO on Wednesday, November 10th 2021.
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Going by the price targets, the mean estimate of $15.26 indicates a potential upside of 44.2%. Analysts’ growing optimism over the company’s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That’s because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Rivian Automotive, Inc. (RIVN) is not on our list of the 31 Most Popular Stocks Among Hedge Funds.
analyst rating
Rivian Automotive (RIVN) shares soared Wednesday, a day after the electric thinking, fast and slow vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of… Discover which analysts rank highest for RIVN overall weighted by direction, price target, and price movement. Please bear with us as we address this and restore your personalized lists. He runs the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. The Barchart Technical Opinion rating is a 72% Sell with a Weakening short term outlook on maintaining the current direction. Trump’s election has caused renewable and electric vehicle (EV) stocks to crash.