Analyst Coverage Change
On Wednesday January 25th, Morgan Stanley(Rank#1) issued a research report and maintained their “Overweight” rating on Rivian’s stock. The analyst cut their 12 month target forecast on Rivian to $28 from $55 per share. The analyst Adam Jonas likes the stock but he cut the target on valuation catch up.
STA Research(Rank#227) also cut the target forecast to $25 from $35, and maintained the “Buy” rating.
Rivian Stock Forecast & Analysis
Rivian Automotive Inc: 19 analysts have provided forecasts for the company’s stock price over the next 12 months, with an average target price of USD 42.48. The average rating provided by these analysts is “Strong Buy,” indicating that they expect the stock to perform well. However, the analysis of Stock Target Advisor, has a “Neutral,” on the stock, which suggests that they have mixed signals about the stock’s performance. They indicate 2 positive signals and 2 negative signals. The stock’s current price (USD 18.69) and recent performance, which shows an increase of 6.62% over the past week, a decrease of 5.69% over the past month, and a decrease of 71.75% over the past year.
Fundamental Analysis
Positive Fundamentals
High capitalization
One of largest companies in sector which means it is more stable.
Low volatility
Consistent and stable annual earnings compared to peers
Negative Fundamentals
Running a negative cash flow basis
RIVN had negative total cash flow in the last year
Negative free cash flow basis
RIVN had negative total free cash flow in the last year
The FA rating of the stock is gaged as a “Neutral” with a FA score of 5 out of 10, where 10 is very bullish
About Rivian
Rivian is an American electric vehicle and outdoor adventure vehicle company founded in 2009. It is based in Plymouth, Michigan, and is best known for its R1T and R1S electric pickup trucks and SUVs, which are set to be released in late 2021. Rivian has received investments from major companies such as Amazon and Ford. The company aims to produce vehicles that are not only electric, but also capable of handling off-road terrain and supporting outdoor activities.
