- Rivian Automotive (RIVN, Financial) has welcomed Aidan Gomez to its board, enhancing its strategic direction.
- Analysts project a potential 28.76% upside for Rivian within a year, amidst varied price targets.
- GuruFocus estimates significant growth for Rivian, with a projected GF Value upside of 227.26%.
Rivian Automotive (RIVN) is making strategic moves by expanding its board. The company has elected Aidan Gomez, CEO and Co-Founder of Cohere and a former Google expert, as a class II director, with his term set to conclude at the 2026 annual meeting. Despite this strategic addition, Rivian's shares saw a slight decline of 0.45% in extended trading, reflecting the cautious sentiment in the market.
Wall Street Analysts Forecast
Delving into analytics, 29 analysts have projected a one-year average price target of $14.36 for Rivian Automotive Inc (RIVN, Financial), with estimates ranging from a high of $23.00 to a low of $6.10. This average target presents a promising upside of 28.76% from the current trading price of $11.15. Investors looking for more detailed projections can access additional information on the Rivian Automotive Inc (RIVN) Forecast page.
Rivian's stock currently holds a "Hold" status with an average brokerage recommendation of 2.7, based on the consensus from 31 brokerage firms. This rating reflects a mid-point on a scale from 1 (Strong Buy) to 5 (Sell), indicating moderate investor sentiment at present.
Looking ahead, GuruFocus has estimated Rivian's GF Value at $36.49 within the next year. This figure suggests a substantial upside potential of 227.26% from the current price of $11.15. The GF Value represents GuruFocus' assessment of the fair market value, derived from Rivian's historical trading multiples, past growth metrics, and future performance projections. Further analytics and insights can be explored on the Rivian Automotive Inc (RIVN, Financial) Summary page.
