Forecasting The Future: 28 Analyst Projections For Rivian Automotive
Portfolio Pulse from Benzinga Insights
In the past three months, 28 analysts have provided ratings for Rivian Automotive (NASDAQ:RIVN), with a mix of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has increased to $16.5, reflecting a 15.71% rise from the previous average. Analysts have recently adjusted their ratings and price targets, indicating a positive outlook for Rivian Automotive.
August 02, 2024 | 4:03 pm
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Rivian Automotive has received mixed ratings from 28 analysts over the past three months, with a notable increase in the average 12-month price target to $16.5. This reflects a 15.71% rise from the previous average, indicating a positive outlook.
The increase in the average price target and the majority of analysts maintaining or raising their ratings suggest a positive short-term impact on Rivian's stock price. The detailed breakdown of analyst actions shows a trend towards higher price targets, reflecting improved market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100