The Latest Analyst Ratings For Rivian Automotive
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Rivian Automotive (NASDAQ:RIVN), with recent ratings showing a mix of bullish and bearish sentiments. The average 12-month price target has increased by 13.61% to $17.36. Despite revenue growth, Rivian faces challenges with profitability and debt management.
September 05, 2024 | 8:00 pm
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Rivian Automotive has received mixed analyst ratings, with a notable increase in the average 12-month price target to $17.36, reflecting a 13.61% rise. Despite positive revenue growth, the company struggles with profitability and debt management.
The increase in the average price target suggests a positive outlook from analysts, but the mixed ratings indicate uncertainty. The company's financial challenges, such as low profitability and high debt, may offset the positive sentiment from the price target increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100