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Rivian Automotive (RIVN) stock forecast for 2024
Updated: April 26, 2024 (03:35)
Sector: Consumer cyclicalThe share price of Rivian Automotive, Inc. Class A (RIVN) now
50/200 Day Moving Average: $11.36 / $18.06
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, Inc. Class A 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 RIVN 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 RIVN stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Rivian Automotive, Inc. Class A 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 $17.24. Today 200 Day Moving Average is the resistance level (18.06 $). 50 Day Moving Average is the resistance level (11.36 $).
Historical and forecast chart of Rivian Automotive, Inc. Class A 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 RIVN stock price can be found in the table below.
Sell or Buy Rivian Automotive (RIVN) stocks? Analytic Experts Forecasting...
Rivian: A Strong Buy At All-Time Lows (Rating Upgrade)
Rivian: Accelerating Into The Big Leagues
Rivian Could Be Facing An Existential Crisis
Rivian Could Be Facing An Existential Crisis
RIVN Stock Forecast 2024: Navigating Through Uncertain Waters
The electric vehicle (EV) market has witnessed its share of ups and downs, and Rivian Automotive, Inc. (NASDAQ:RIVN) is no exception. In 2024, Rivian stocks, like those of Tesla, have taken a hit due to a combination of factors that have led investors to question the future demand for EVs. Concerns range from softening consumer demand to apprehensions regarding the availability and distribution of charging networks across the U.S. The situation has been further exacerbated by reports of China’s decreasing demand and moves by companies like Hertz to unload their EV fleets. These events have significantly impacted the RIVN stock forecast, leading to a downward trend in its stock price, with a year-to-date plunge exceeding 25%.
Key Influences on RIVN Stock Rates in 2024
Forecasting RIVN stock is complex, with several critical factors at play in 2024. One significant event is Rivian’s shift in focus toward ramping up production. Despite the broader market challenges, Rivian managed a commendable 17% boost in unit production volumes quarter-over-quarter. This determination to increase production could be a bullish indicator for RIVN stock in the face of adversity.
Furthermore, the end of Rivian’s enterprise exclusivity agreement with Amazon opens up new opportunities for enterprise orders, potentially bolstering its revenue stream. Despite the current market sentiment, Rivian’s lower revenue multiple compared to Tesla suggests that RIVN stock offers an “early stage” entry point for investors willing to accept higher risks for potentially higher rewards.
In summary, while accurately predicting RIVN stock rates in 2024 is challenging due to fluctuating market conditions and consumer sentiments, key events such as scaled-up production and new enterprise opportunities play pivotal roles. The current scenario might paint a bleak picture for the RIVN stock forecast, posing the question: is RIVN stock a buy or sell? However, for those eyeing the long-term horizon, Rivian’s strategic moves could present an attractive investment, navigating through the uncertain waters of the EV market.
Rivian Automotive (RIVN) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 9.24 | 8.68 | 9.67 | 10.32 % |
| Jun | 9.89 | 8.68 | 10.30 | 15.73 % |
| Jul | 10.65 | 10.27 | 12.07 | 14.93 % |
| Aug | 8.74 | 7.86 | 9.57 | 17.91 % |
| Sep | 7.81 | 7.42 | 8.15 | 8.97 % |
| Oct | 7.87 | 7.06 | 8.40 | 16.01 % |
| Nov | 8.33 | 7.34 | 9.16 | 19.82 % |
| Dec | 8.96 | 8.53 | 9.51 | 10.35 % |
Rivian Automotive information and performance
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 May 2024.
In May, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 10.317% volatility is expected.
Pessimistic target level: 8.68
Optimistic target level: 9.67
Target values for the price of one Rivian Automotive share for Jun 2024.
In Jun, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 15.729% volatility is expected.
Pessimistic target level: 8.68
Optimistic target level: 10.30
Target values for the price of one Rivian Automotive share for Jul 2024.
In Jul, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 14.931% volatility is expected.
Pessimistic target level: 10.27
Optimistic target level: 12.07
Target values for the price of one Rivian Automotive share for Aug 2024.
In Aug, the Negative dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 17.911% volatility is expected.
Pessimistic target level: 7.86
Optimistic target level: 9.57
Target values for the price of one Rivian Automotive share for Sep 2024.
In Sep, the Negative dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 8.972% volatility is expected.
Pessimistic target level: 7.42
Optimistic target level: 8.15
Target values for the price of one Rivian Automotive share for Oct 2024.
In Oct, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 16.005% volatility is expected.
Pessimistic target level: 7.06
Optimistic target level: 8.40
Target values for the price of one Rivian Automotive share for Nov 2024.
In Nov, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 19.818% volatility is expected.
Pessimistic target level: 7.34
Optimistic target level: 9.16
Target values for the price of one Rivian Automotive share for Dec 2024.
In Dec, the Positive dynamics for Rivian Automotive, Inc. Class A shares will prevail with possible monthly volatility of 10.347% volatility is expected.
Pessimistic target level: 8.53
Optimistic target level: 9.51
