Baird has revised its price target for Rivian Automotive (RIVN, Financial), lowering it from $16 to $14, while maintaining a Neutral rating on the stock. This adjustment comes as analysts prepare for the company's Q1 earnings report.
The firm cites a cautious outlook for sustainable energy and mobility sectors throughout the upcoming second quarter and extending into the latter half of 2025. This outlook stems from ongoing uncertainties in the global markets, which are likely to impact Rivian's performance and prospects.
Despite the cautious stance on Rivian, Baird remains optimistic about other companies in the sector. The firm highlights Bloom Energy (BE) and MP Materials (MP) as top choices for the year. Additionally, Baird recommends buying shares of Itron (ITRI) in anticipation of future growth, while maintaining a constructive outlook on First Solar (FSLR).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 29 analysts, the average target price for Rivian Automotive Inc (RIVN, Financial) is $14.54 with a high estimate of $23.00 and a low estimate of $6.10. The average target implies an upside of 20.90% from the current price of $12.03. More detailed estimate data can be found on the Rivian Automotive Inc (RIVN) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Rivian Automotive Inc's (RIVN, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rivian Automotive Inc (RIVN, Financial) in one year is $36.74, suggesting a upside of 205.4% from the current price of $12.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rivian Automotive Inc (RIVN) Summary page.
