The Latest Analyst Ratings For Rivian Automotive
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Rivian Automotive (NASDAQ:RIVN) over the past three months, with a decrease in the average 12-month price target. The company's financials show a notable revenue growth but challenges in profitability and asset utilization.
October 15, 2024 | 2:00 pm
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Rivian Automotive has received mixed analyst ratings, with a decrease in the average price target from $17.90 to $17.43. Analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's performance. Despite a 3.3% revenue growth, Rivian faces challenges with profitability and asset utilization.
The decrease in the average price target and the mixed ratings from analysts suggest a cautious outlook on Rivian's short-term stock performance. The company's financial challenges, such as low ROE and high debt-to-equity ratio, further contribute to a negative short-term impact.
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