RIVN Stock: Price Target and Sales Forecast

Average Price Target

Analyst consensus predicts an average price target of $1,614 for Rivian Automotive (RIVN) in the short term.

Long-Term Price Forecast

By 2035, RIVN's average price is projected to reach $12,373, with a potential high of $13,095 and a possible low of $12,500.

Sales Forecast

Analysts anticipate RIVN's sales to increase by only 8.8% year-over-year to $4.82 billion by 2024.

Market Performance

Despite these positive projections, RIVN's stock currently trades around $11, with a market cap of $11 billion. As with other EV manufacturers, Rivian has faced market challenges.

Conclusion

While long-term price targets for RIVN stock are promising, the current market performance suggests potential volatility in the near term. Analysts' sales forecasts remain cautious, with moderate growth expectations in the coming years. Investors should closely monitor Rivian's financial performance and market conditions before making investment decisions.