Home Automotive What 21 Analyst Ratings Have To Say About Rivian Automotive

What 21 Analyst Ratings Have To Say About Rivian Automotive

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About the earlier 3 months, 21 analysts have revealed their feeling on Rivian Automotive (NASDAQ:RIVN) inventory. These analysts are commonly used by substantial Wall Avenue banking companies and tasked with knowing a company’s business enterprise to forecast how a stock will trade above the upcoming yr.

Bullish Rather Bullish Indifferent Rather Bearish Bearish
Overall Ratings 4 10 6 1
Previous 30D 1 3 1
1M In the past 1 1 1
2M Back 1 1 1
3M In the past 1 5 4

In accordance to 21 analyst supplying 12-thirty day period rate targets in the last 3 months, Rivian Automotive has an common price goal of $74.14 with a high of $130.00 and a small of $24.00.

Below is a summary of how these 21 analysts rated Rivian Automotive about the previous 3 months. The higher the range of bullish scores, the far more beneficial analysts are on the stock and the larger the quantity of bearish scores, the more damaging analysts are on the stock

price target chart

This present average has decreased by 28.98% from the earlier normal rate goal of $104.40.

Benzinga tracks 150 analyst companies and reviews on their inventory expectations. Analysts normally get there at their conclusions by predicting how substantially income a firm will make in the long run, normally the approaching 5 yrs, and how risky or predictable that firm’s earnings streams are.

Analysts attend enterprise convention calls and meetings, investigation corporation fiscal statements, and converse with insiders to publish their scores on shares. Analysts generally amount each individual inventory at the time per quarter or every time the corporation has a main update.

Some analysts also offer predictions for handy metrics such as earnings, revenue, and progress estimates to present even more advice as to what to do with specified tickers. It is important to retain in head that although inventory and sector analysts are professionals, they are also human and can only forecast their beliefs to traders.

This report was produced by Benzinga’s automatic information engine and reviewed by an editor.



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