News on rivn

Here is some news about RIVN:

1. Analyst Recommendations: Rivian Automotive (RIVN) has an average brokerage recommendation (ABR) of 2.00, indicating a "Buy" rating. This is based on the recommendations from 23 brokerage firms, with 12 of them recommending a "Strong Buy" and one recommending a "Buy".
2. Price Target and Forecast: The current consensus among analysts is that RIVN shares have a target price of $17.91 per share, with a recommendation set at 2.14 on a scale from 1 to 5, where 5 would mean "Strong Sell". Rivian's stock has experienced volatility, with a significant drop of -41.18% this year and a weaker performance of 21.59% over the past six months. However, there is a potential upside of 21.11% predicted for the one-year Rivian Automotive Inc stock forecast.
3. Market Sentiment and Performance: Rivian's stock price has been unpredictable, with a recent price increase of over 1.22% in a week, but also a drop of -9.45% over the last 30 days. The stock's performance has been inconsistent, with a trading volume of 2.28 million shares in the most recent trading day. The company's market capitalization stands at $14.25 billion, with a float of 726.9 million shares.
4. Financial Performance: Rivian has shown a quarterly revenue rise of 26.37% compared to the previous year, with a total market capitalization of $13.91 billion. The company is targeting profitability by 2027, aiming to cut material costs by 45% with the introduction of its Gen 2 platform by 2026.

In conclusion, while analyst recommendations suggest a positive outlook for Rivian Automotive, the company's stock performance has been volatile, and investors should consider the potential risks and uncertainties associated with investing in a young and rapidly evolving industry.