Key Takeaways:
- Rivian Automotive Inc. (RIVN, Financial) reported a 2.3% decline in share value due to lower-than-expected Q2 production and delivery numbers.
- Despite recent setbacks, Rivian remains committed to its 2025 delivery guidance of 40,000 to 46,000 vehicles.
- Analysts offer varying forecasts, with significant potential upside indicated by GuruFocus estimates.
Rivian Automotive Inc. (RIVN) has encountered a setback, seeing its share price dip by 2.3% following the release of its second-quarter production and delivery outcomes. The company produced 5,979 vehicles and delivered 10,661, both figures falling short of the previous year's Q2 results. Nonetheless, Rivian is maintaining its 2025 delivery target, aiming between 40,000 and 46,000 vehicles.
Wall Street Analysts Forecast
Examining price targets from 27 analysts, the average projection for Rivian Automotive Inc. (RIVN, Financial) stands at $15.14. The estimates range from a high of $23.00 to a low of $7.05. This average target suggests a potential upside of 14.56% from the current share price of $13.22. For more comprehensive forecasts, visit the Rivian Automotive Inc (RIVN) Forecast page.
The average brokerage recommendation, derived from 31 firms, currently places Rivian's status at a 2.7 rating, interpreted as "Hold." This rating scale spans from 1 to 5, wherein 1 signals a Strong Buy and 5 indicates a Sell.
GuruFocus Insights
According to GuruFocus' calculations, Rivian Automotive Inc. (RIVN, Financial) carries an estimated GF Value of $30.35 for the next year. This value implies a promising upside of 129.66% relative to the current trading price of $13.215. The GF Value metric represents the fair market value of a stock based on historical trading multiples, business growth trajectories, and anticipated business performance. For further detailed insights, refer to the Rivian Automotive Inc (RIVN) Summary page.
