And investors recently got some insights into what to expect from the company in 2024 and when the R2 line is expected. Rosner sees risks to Rivian’s volumes in 2024 given the slow ramp-up of production and prolonged factory shutdowns. The analyst believes the slowdown could hit Rivian’s margins and bottom line hard and lead to big losses for the EV maker until the third quarter of 2024.

  1. According to 20 analysts, the average rating for RIVN stock is “Buy.” The 12-month stock price forecast is $26.37, which is an increase of 64.30% from the latest price.
  2. Those quarterly losses were more than four times larger than the same quarter a year earlier.
  3. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
  4. Since then, RIVN shares have decreased by 30.9% and is now trading at $16.22.

But despite the promising start, Rivian’s valuation has since fallen to just $19.5 billion due to operational delays and macroeconomic challenges. 22 brokerages have issued 12 month price objectives for Rivian Automotive’s stock. On average, they predict the company’s share price to reach $28.00 in the next year. This suggests a possible upside of 72.6% from the stock’s current price.


According to 20 analysts, the average rating for RIVN stock is “Buy.” The 12-month stock price forecast is $26.37, which is an increase of 64.30% from the latest price. Management is also hinting toward releasing smaller and more affordable options, which could help Rivian penetrate new markets like Europe, where consumers often prefer more compact options. Create a free account umarkets review to gain access to news, analysis, and real-time alerts on the stocks you follow. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide.

AT&T to Buy Rivian Electric Vehicles, Become Exclusive Connectivity Provider

Stifel analyst Stephen Gengaro launched coverage of electric-vehicle makers Rivian and Lucid at Buy and Hold, respectively. Rivian said it delivered 13,972 vehicles from October through December, down 10.2% from the third quarter of 2023 but in line with Wall Street’s expectations. As of December 2021, Rivian reported that it has over 71,000 pre-orders for its R1 models.[40] They produced a total of 24,337 cars in 2022. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Rivian Stock Is Downgraded. Demand Is the Issue.

The company expects competition in the EV market to intensify due to a greater regulatory push for alternative fuel vehicles and other factors. Rivian also faces competition from China-based EV makers like NIO Inc. (NIO) and BYD Auto, a subsidiary of BYD Co. Rivian’s total book value, the difference between its assets and liabilities, was $5.5 billion as of June 30, 2021.

This morning, the electric vehicle (EV) stock was trading 6% lower as of noon ET after an analyst downgraded the stock’s price target by nearly 35% on a weak outlook for 2024. The electric vehicle industry is under pressure from rising interest rates, which hurts consumer spending. Cars are big-ticket items usually purchased with loans, and higher rates make them more expensive.

AT&T will buy Rivian electric vehicles (EVs) and add those vehicles to its fleet in early 2024. In addition, AT&T was named the exclusive connectivity provider for all Rivian vehicles in the United St… Shares of electric-vehicle maker Rivian are lower after the company announced strong fourth-quarter production data.

Similar to RIVN

View analysts price targets for RIVN or view top-rated stocks among Wall Street analysts. Rivian Automotive posted a sequential fall in fourth-quarter deliveries on Tuesday, and missed market estimates, as tough competition and high interest rates affect demand for its electric vehicles. Rivian’s stock price recovered significantly through the first half of 2023, reaching a period high of $28.06 on July 27, 2023. Shares of EV-maker Tesla, the most valuable automobile company in the world, fell nearly 3% during the same period, between the debut of Rivian’s shares and close of trading on Friday. While both companies operate within the market for EVs, Rivian’s niche is all-terrain vehicles whereas Tesla’s specialty is sedans and SUVs.

Buy Rivian Stock, not Lucid, Says Analyst. Both Are Rising, Anyway.

These vehicles are equipped with a set of advanced technology systems and are designed to accommodate consumers with active lifestyles. Rivian also plans to launch an electric delivery van (EDV) for business customers. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Rivian Automotive Inc. (RIVN) designs and manufactures electric vehicles (EVs) and accessories and offers related services. The company produces and has begun delivery of its first-generation consumer vehicle, which is a two-row, five-passenger pickup truck named the R1T. Later this year it plans to begin delivering a three-row, seven-passenger SUV named the R1S.

Ford, Rivian, and Fisker Stock Get Snubbed. Wall Street Is Increasingly Worried.

Ford, which has been focusing on expanding sales of EVs and has a nearly 12% stake in Rivian, saw its shares fall about 1% over the roughly three days of trading. The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets. The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result. That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed into stationary power packs when their EV lifespan is spent.

Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs. The company was founded in 2009 and is based in San Jose, California. Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. The BEV battery electric vehicle market isn’t extinct or even dying. Still, several developments suggest that it has matured quicker than expected, demand is less than forecast, and the hybrid vehicle…

As of December 2021, Rivian is a public company trading under the symbol RIVN on the Nasdaq stock exchange. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Total cash and cash equivalents on the company’s balance sheet at the end of the June were $3.7 billion. Rivian estimates that its net loss for the recent quarterly period was between $1.2 billion and $1.3 billion. Those quarterly losses were more than four times larger than the same quarter a year earlier. The company indicated that its operating expenses have increased over the last eight quarters as the development of its R1T, R1S, and EDV vehicle programs continues to advance. Rivian Automotive’s stock was trading at $23.46 at the start of the year.

The R1T is a highly configurable pickup while the R1S is an off-road capable SUV. The R1T is hailed as the world’s first EV adventure vehicle, it began production in early 2021 and the first deliveries were made later that same year. By mid-2022 the company had delivered more than 8,000 vehicles with production ramping quickly.

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