What 9 Analyst Ratings Have To Say About Rivian Automotive
Portfolio Pulse from Benzinga Insights
Over the past quarter, Rivian Automotive (NASDAQ:RIVN) received 9 analyst ratings: 2 bullish, 4 somewhat bullish, and 3 indifferent. No somewhat bearish or bearish ratings were given. The average 12-month price target for RIVN is $26.11, with a high of $35.00 and a low of $19.00, representing a 5.05% decrease from the previous target of $27.50. Analyst ratings are opinions based on financial analysis and are meant to guide investors.
December 04, 2023 | 7:00 pm
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NEGATIVE IMPACT
Rivian Automotive received a mix of bullish and neutral ratings from analysts, with an average price target of $26.11, indicating a slight negative sentiment compared to the previous target.
The decrease in the average price target suggests a modestly negative outlook from analysts, which could lead to short-term bearish sentiment among investors. However, the absence of bearish ratings and presence of bullish and somewhat bullish ratings could buffer negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100