A Closer Look at 7 Analyst Recommendations For Rivian Automotive
Portfolio Pulse from Benzinga Insights
Rivian Automotive (NASDAQ:RIVN) has received mixed analyst ratings over the last three months, with a current average 12-month price target of $20.14, down 19.98% from the previous $25.17. Analysts from firms including Barclays, Goldman Sachs, Needham, Deutsche Bank, and Stifel have adjusted their ratings and price targets, reflecting diverse perspectives on the company's performance and market standing. Rivian's financial indicators show a significant revenue growth rate of 149.44% as of September 30, 2023, but challenges in net margin, ROE, and ROA. The company's market capitalization and debt management are also highlighted.
February 12, 2024 | 12:00 pm
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NEUTRAL IMPACT
Rivian Automotive has seen a diverse range of analyst ratings and adjustments in price targets, with a notable decrease in the average 12-month price target. The company's financial performance shows strong revenue growth but faces challenges in profitability and asset utilization.
The mixed analyst ratings and adjustments in price targets reflect uncertainty and diverse perspectives on Rivian's future performance. The decrease in the average price target suggests caution, while the strong revenue growth indicates potential. However, challenges in profitability and asset utilization may temper short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100