Rivian Automotive Inc. Stock Forecast: Analyst Projections and Target Prices
Long-Term Price Predictions
Rivian Automotive Inc. (RIVN) is projected to reach an average price of $12,373 in 2035. Analysts have set a high prediction of $13,095 and a low estimate of $12,500.
Short-Term Price Targets
In the short term, 22 analysts have provided price targets for RIVN, with an average target of $1,614. The current trading price of RIVN is approximately $11.
Analyst Outlook
Analysts expect Rivian's sales to increase by 88% year-over-year to $482 billion in 2024. The company's projected price target is $1,435, with a maximum estimate of $2,100 and a minimum estimate of $1,000.
Industry Challenges
Despite these bullish projections, Rivian, like other EV manufacturers, has faced challenges. The company's stock has struggled, with a current market capitalization of $11 billion.
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