CFRA Analyst Reiterates Hold Rating on Rivian Automotive, RIVN
Garrett Nelson analyst at CFRA reiterates coverage on Rivian Automotive (RIVN) in the Consumer Goods sector with a Hold rating. TipRanks.com has Nelson rated as a 1.2 star analyst with a 54% return on investment and a -2.8% success rate. Nelson has set a price target of $ 25.
TipRanks.com reports that Rivian Automotive currently has 15 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $69.62. The target pricing ranges from a high forecast of $112.00 down to a low forecast of $25.00. Rivian Automotive (RIVN)’s last closing price was $$23.27 which would put the average price target at 199.18% upside.
In addition, TradingView issued a Sell rating for RIVN over the next month, Barchart.com has a n/a rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on RIVN.
Other analysts covering RIVN include:
- Joseph Spak of RBC Capital issued a Buy rating with the price target of $ 100 on 4 days ago
- Alexander Potter of Piper Sandler issued a Buy rating with the price target of $ 112 on 1 week ago
- Brian Johnson of Barclays issued a Hold rating with the price target of $ 38 on 2 weeks ago
- Emmanuel Rosner of Deutsche Bank issued a Buy rating with the price target of $ 90 on 2 weeks ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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