Expert Ratings For Rivian Automotive
Portfolio Pulse from Benzinga Insights
Rivian Automotive (NASDAQ:RIVN) has received mixed analyst ratings over the past three months, with a notable shift towards a more cautious outlook in the last 30 days. The average 12-month price target for RIVN has been adjusted to $16.15, a 21.07% decrease from the previous target of $20.46. Analysts from firms including Barclays, Needham, and Morgan Stanley have adjusted their ratings and price targets, reflecting changing market dynamics and Rivian's performance. Despite a challenging market environment, Rivian's revenue growth and net margin outperform industry averages, although its ROE and ROA lag behind.
April 19, 2024 | 4:01 pm
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Rivian Automotive has seen a mix of analyst ratings with a downward adjustment in the average 12-month price target to $16.15, reflecting a cautious market outlook despite strong revenue growth.
The mixed analyst ratings and the reduction in the average price target suggest a cautious but not entirely negative outlook for Rivian. The strong revenue growth indicates potential, but the adjustments in price targets and ratings reflect concerns about market conditions and Rivian's ability to meet expectations. The overall impact is neutral as positive revenue growth could balance out the cautious sentiment from analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100