Providing a diverse range of perspectives from bullish to bearish, 23 analysts have published ratings on Rivian Automotive (NASDAQ:RIVN) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 5 | 9 | 1 | 2 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 5 | 4 | 7 | 1 | 1 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Rivian Automotive and provided 12-month price targets. The average target is $17.13, accompanied by a high estimate of $25.00 and a low estimate of $8.00. Observing a downward trend, the current average is 27.63% lower than the prior average price target of $23.67.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Rivian Automotive among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Spak | UBS | Raises | Sell | $9.00 | $8.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $20.00 | - |
| Tom Narayan | RBC Capital | Maintains | Sector Perform | $15.00 | $15.00 |
| Philippe Houchois | Jefferies | Announces | Buy | $16.00 | - |
| Adam Jonas | Morgan Stanley | Lowers | Overweight | $14.00 | $24.00 |
| Stephen Gengaro | Stifel | Lowers | Buy | $18.00 | $23.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $11.00 | $26.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $12.00 | $16.00 |
| Joseph Spak | UBS | Lowers | Sell | $8.00 | $24.00 |
| Chris McNally | Evercore ISI Group | Lowers | Outperform | $25.00 | $35.00 |
| Alexander Potter | Piper Sandler | Lowers | Neutral | $15.00 | $21.00 |
| Ryan Brinkman | JP Morgan | Lowers | Underweight | $11.00 | $20.00 |
| Michael Shlisky | DA Davidson | Lowers | Neutral | $17.00 | $19.00 |
| George Gianarikas | Baird | Lowers | Outperform | $23.00 | $30.00 |
| John Murphy | B of A Securities | Lowers | Buy | $25.00 | $40.00 |
| Vijay Rakesh | Mizuho | Lowers | Buy | $24.00 | $30.00 |
| Colin Langan | Wells Fargo | Lowers | Equal-Weight | $14.00 | $18.00 |
| Chris Pierce | Needham | Lowers | Buy | $18.00 | $22.00 |
| Dan Levy | Barclays | Lowers | Equal-Weight | $16.00 | $25.00 |
| Mark Delaney | Goldman Sachs | Lowers | Neutral | $17.00 | $20.00 |
| Chris Pierce | Needham | Lowers | Buy | $22.00 | $25.00 |
| Dan Levy | Barclays | Lowers | Overweight | $25.00 | $27.00 |
| Emmanuel Rosner | Deutsche Bank | Lowers | Hold | $19.00 | $29.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Rivian Automotive. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Rivian Automotive compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Rivian Automotive's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Rivian Automotive's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Rivian Automotive analyst ratings.
Unveiling the Story Behind Rivian Automotive
Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
Rivian Automotive: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Rivian Automotive's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 98.34%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Rivian Automotive's net margin is impressive, surpassing industry averages. With a net margin of -115.67%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Rivian Automotive's ROE excels beyond industry benchmarks, reaching -15.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Rivian Automotive's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -9.15%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Rivian Automotive's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.56.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
