Rivian Automotive Stock Price Forecast: Positive Outlook with Average Analyst Target of $30.87

Short-Term Price Targets

Based on short-term price targets offered by 22 analysts, the average price target for Rivian Automotive (RIVN) comes to $16.14. This suggests a potential upside of around 20% from the current market price.

Positive Outlook for Next 30 Days

The Rivian Automotive Inc RIVN stock price forecast for the next 30 days is generally positive, with an average analyst price target of $30.87. This represents a potential gain of about 30% from the current price.

Long-Term Growth Forecasts

Analysts tracking Rivian stock expect sales to rise by just 8.8% year-over-year to $4.82 billion in 2024. However, top-line growth is forecast to accelerate to double-digit levels in subsequent years.

Analyst Consensus and Targets

The 23 analysts with 12-month price forecasts for Rivian Automotive stock have an average target of $17.30, with a low estimate of $10.00 and a high estimate of $35.00. This range reflects a wide range of opinions on the company's future prospects.