Rivian Automotive (RIVN) stock forecast for 2024
Last update: September 28, 2023 (04:54)
Sector: Consumer cyclicalThe share price of Rivian Automotive, Inc. Class A (RIVN) now
50/200 Day Moving Average: $22.45 / $18.93
This figure corresponds to the Average Price over the previous 50/200 days. For Rivian Automotive stocks, the 50-day moving average is the resistance level today.
For Rivian Automotive stocks, the 200-day moving average is the resistance level today.
Are you interested in Rivian Automotive stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Rivian Automotive stock price in 2024. How much will one Rivian Automotive share be worth in 2024? Is it worth taking profit / loss on Rivian Automotive stock now or waiting? What are analysts' forecasts for Rivian Automotive stock?
We forecast Rivian Automotive stock performance using neural networks based on historical data on Rivian Automotive stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Rivian Automotive stock prediction results are shown below and presented as a graph, table and text information.
Rivian Automotive stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Rivian Automotive analysts is $29.23.
Today 200 Day Moving Average is the support level (18.93 $).
50 Day Moving Average is the support level (22.45 $).
Sell or Buy Rivian Automotive (RIVN) stocks? Analytic Experts Forecasting...
We present you the most up-to-date and complete review of analytical trend forecasts and views on the RIVN stock market. Experts share their opinions on what to expect from the … Read more
Does Rivian Still Have An Existential Crisis?
Historical and forecast chart of Rivian Automotive stock
The chart below shows the historical price of Rivian Automotive stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Rivian Automotive stock price can be found in the table below.
Rivian Automotive (RIVN) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 22.73 | 19.83 | 24.49 | 19.05 % |
| Feb | 19.29 | 16.55 | 21.52 | 23.08 % |
| Mar | 21.03 | 19.21 | 21.90 | 12.27 % |
| Apr | 20.08 | 17.95 | 21.82 | 17.73 % |
| May | 19.90 | 18.43 | 21.16 | 12.87 % |
| Jun | 18.36 | 16.78 | 19.49 | 13.91 % |
| Jul | 18.83 | 16.96 | 21.16 | 19.85 % |
| Aug | 19.10 | 17.96 | 21.06 | 14.69 % |
| Sep | 18.68 | 17.24 | 19.86 | 13.21 % |
| Oct | 19.49 | 18.40 | 21.81 | 15.61 % |
| Nov | 17.98 | 15.78 | 19.08 | 17.30 % |
| Dec | 19.57 | 18.34 | 21.26 | 13.75 % |
Rivian Automotive information and performance
Rivian is an American electric vehicle manufacturer. The company was founded in 2009. Rivian is building an electric sports utility vehicle (SUV) and pickup truck on a skateboard platform that can support future models or be used by other companies.
14600 MYFORD ROAD, IRVINE, CA, US
Market capitalization of the Rivian Automotive, Inc. Class A is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of RIVN shares in the company outstanding by the market price of one share.
EBITDA of Rivian Automotive is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Rivian Automotive price target for 2024 by month
Target values for the price of one Rivian Automotive share for Jan 2024.
In Jan, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 19.046% volatility is expected.
Pessimistic target level: 19.83
Optimistic target level: 24.49
Target values for the price of one Rivian Automotive share for Feb 2024.
In Feb, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 23.081% volatility is expected.
Pessimistic target level: 16.55
Optimistic target level: 21.52
Target values for the price of one Rivian Automotive share for Mar 2024.
In Mar, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 12.272% volatility is expected.
Pessimistic target level: 19.21
Optimistic target level: 21.90
Target values for the price of one Rivian Automotive share for Apr 2024.
In Apr, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 17.728% volatility is expected.
Pessimistic target level: 17.95
Optimistic target level: 21.82
Target values for the price of one Rivian Automotive share for May 2024.
In May, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 12.869% volatility is expected.
Pessimistic target level: 18.43
Optimistic target level: 21.16
Target values for the price of one Rivian Automotive share for Jun 2024.
In Jun, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 13.909% volatility is expected.
Pessimistic target level: 16.78
Optimistic target level: 19.49
Target values for the price of one Rivian Automotive share for Jul 2024.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 19.854% volatility is expected.
Pessimistic target level: 16.96
Optimistic target level: 21.16
Target values for the price of one Rivian Automotive share for Aug 2024.
In Aug, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 14.693% volatility is expected.
Pessimistic target level: 17.96
Optimistic target level: 21.06
Target values for the price of one Rivian Automotive share for Sep 2024.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 13.208% volatility is expected.
Pessimistic target level: 17.24
Optimistic target level: 19.86
Target values for the price of one Rivian Automotive share for Oct 2024.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 15.606% volatility is expected.
Pessimistic target level: 18.40
Optimistic target level: 21.81
Target values for the price of one Rivian Automotive share for Nov 2024.
In Nov, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 17.301% volatility is expected.
Pessimistic target level: 15.78
Optimistic target level: 19.08
Target values for the price of one Rivian Automotive share for Dec 2024.
In Dec, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 13.752% volatility is expected.
Pessimistic target level: 18.34
Optimistic target level: 21.26