Key Takeaways:
- Rivian Automotive (RIVN, Financial) stock surged by 7.5%, influenced by Tesla's performance and possible tariff reductions.
- Analysts project an average price target of $14.36, indicating a potential upside of nearly 20% from its current value.
- GuruFocus estimates suggest a remarkable upside potential of 203.97% based on the GF Value projection.
Rivian Automotive Inc. (RIVN) has recently captured the attention of investors with a notable 7.5% increase in its stock price. This surge was primarily driven by the robust quarterly performance reported by Tesla and speculation surrounding potential tariff reductions between the U.S. and China. Additionally, the introduction of new ETFs by GraniteShares has further bolstered Rivian's stock trajectory.
Wall Street Analysts Forecast
Providing insights into Rivian Automotive's future performance, 29 analysts have put forth one-year price targets, averaging at $14.36. These projections feature a high estimate of $23.00 and a low of $6.10. Based on these figures, the average target presents a promising upside of 19.89% from the current trading price of $11.98. For a deeper dive into these projections, visit the Rivian Automotive Inc (RIVN, Financial) Forecast page.
Furthermore, when examining the consensus from 31 brokerage firms, Rivian Automotive Inc. (RIVN, Financial) holds an average brokerage recommendation of 2.7, categorizing it as a "Hold." This rating is based on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell position.
In addition to analyst opinions, GuruFocus provides its own estimates, predicting the GF Value for Rivian Automotive Inc. (RIVN, Financial) to reach $36.40 within the next year. This forecast suggests a substantial upside of 203.97% from its current pricing at $11.98. The GF Value represents GuruFocus' assessment of what the stock should be worth, considering historical trading multiples, previous business growth, and future business performance estimates. More information is available on the Rivian Automotive Inc (RIVN) Summary page.
