Rivian Automotive (RIVN, Financial) has expanded its board of directors by welcoming Aidan Gomez, an accomplished figure in the fields of artificial intelligence and data science. Gomez is recognized for his role as the Co-Founder and CEO of the AI enterprise startup Cohere, which specializes in harnessing AI technologies for business applications.
Before embarking on his entrepreneurial journey with Cohere, Gomez contributed his expertise at Google within their deep learning team, Google Brain. Notable during his tenure, he collaborated with Geoffrey Hinton, a luminary in the AI domain and Nobel Prize laureate. Gomez's experience at Google underscores his strong background in AI research and innovation.
This strategic move by Rivian aims to leverage Gomez's extensive experience and insight into AI, potentially enhancing the company's technological capabilities as it continues to navigate the competitive landscape of the electric vehicle industry.
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 $14.36 with a high estimate of $23.00 and a low estimate of $6.10. The average target implies an upside of 28.76% from the current price of $11.15. 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 $36.49, suggesting a upside of 227.26% from the current price of $11.15. 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.
