Key Takeaways

Rivian Automotive Stock Forecast: What Experts Predict for 2024 and Beyond

Key Takeaways

* Wall Street analysts project an average price target of $35.17 for RIVN stock in 2024. * High and low forecasts range from $70.17 to $0.1629, respectively. * Rivian's stock underperformed the S&P 500 in 2023 and has declined further in 2024.

Analyzing the Forecast

Rivian Automotive's stock has been closely watched by investors as the company navigates numerous challenges, including supply chain disruptions and rising competition. Despite these headwinds, analysts remain optimistic about the long-term prospects of the electric vehicle manufacturer.

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Rivian is $35.17. This target represents a significant upside potential from the current share price of approximately $18.50. However, analysts also acknowledge the risks associated with the stock, with some predicting a low forecast of $0.1629.

In the short term, the average price target for Rivian Automotive is $16.43, as estimated by 21 analysts. This target suggests that investors may experience some volatility in the stock's price before it reaches its anticipated long-term value.

Overall, Wall Street analysts predict that Rivian Automotive's share price could rise to $15.81 by June 25, 2025. This forecast is based on a combination of factors, including the company's strong technological capabilities, growing market demand for electric vehicles, and potential partnerships with major automakers.

As Rivian continues to execute on its long-term strategy, it will be essential for investors to closely monitor the company's progress and the evolving market landscape. The company's ability to overcome challenges, ramp up production, and secure market share will ultimately determine its success and the trajectory of its stock price.