Rivian Automobile is a reputed automotive company, founded by RJ Scaringe. In this article, I will discuss Rivian stock price target for upcoming years.
What is Rivian?
Rivian Automobile is a US-based electric vehicle manufacturer as well as an automotive technology company established in 2009. The company was founded by RJ Scaringe. The headquarters are located in Irvine, California, United States.
The company has been creating electric sports utility vehicles as well as pickup trucks on a skateboard platform which can assist future vehicles or can be adopted by other companies.
The company has also entered into a partnership with Amazon to create an electric delivery when. They have been planning to establish an exclusive charging network throughout US and Canada by the end of 2023.
|US$ 55 million
|US$ 22.3 billion
|US$ 19.5 billion
Rivian stock price
The current Rivian stock price is $18.18. The stock has touched its highest value of $180 in November 2021.
Rivian stock price technical analysis
Rivian stock price is currently trading at the lowest price since the beginning of the stock. The same price levels were touched in May 2022. Thereafter, the stock has been consolidating which means it has been trading within the range.
If we consider the past 1 year’s performance of Rivian stock, it represents the potential to increase in the future because of growing electric vehicle demand in the market.
Rivian stock price target
Several stock market analysts have given a buy rating to the Rivian stock.
Rivian stock price target 2023
Reveal stock is expected to show growth in 2023 due to the growing demand for electric vehicles. This will also result in an increase in stock price and the prices are expected to touch $42. The famous stock market analyst Ben Kallo has also given a buy signal and the estimated target is $44.
Rivian stock price target 2025
With the increase in demand for electric vehicles, the company will have to enter into a partnership with other companies providing raw materials like battery manufacturing companies. This will further support the growth in the next 2 to 3 years. The expected stock price in 2025 will be between $80 and $97.
Rivian stock price target 2030
The stock market analyst believes that the stock will give a 40 to 50% compound annual growth rate by the year 2030. In 2030, the stock is expected to range between $130 and $165.
|between $80 and $97
|between $130 and $165
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
Frequently asked questions
Is Rivian stock a good buy?
Yes, Rivian stock is a good buy. 16 Wall Street analysts have stated it to be a good buy stock.
What is Rivian stock price target?
between $80 and $97
between $130 and $165
Who owns most Rivian stock?
T. Rowe Price Associates have 12.77% stake with 116,604,944 shares.
What is the fair price for Rivian stock?
The fair price for Rivian stock is till $23.37
What will Rivian stock at in 2030?
The target price for 2030 is between $130 and $165
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