Rivian Stock Price Prediction 2025–2030–2040 Growth
According to the latest long-term forecast, Rivian Stock Price Prediction 2025 could increase to $17.14 per share by the middle of 2025.
What is Rivian Stock Price Target 2025
The average price target for Rivian Automotive is $18.24, based on forecasts from 24 Wall Street analysts over the past 3 months. The highest analyst price target is $36.00, while the lowest forecast is $9.00. This average target implies a 65.22% increase from the current price of $11.04
Why Electric Vehicle Stocks Tesla, Rivian, and Lucid Experienced Declines Today
Today saw a downturn in electric vehicle (EV) stocks, driven by disappointing first-quarter delivery reports from industry giants Tesla (TSLA -4.90%) and Rivian (RIVN -5.23%).
Tesla, a significant player in the EV market, reported a 9% decline in first-quarter deliveries, signaling ongoing challenges in demand for EVs. Rivian, often regarded as Tesla’s direct competitor in the EV space, surpassed first-quarter delivery estimates but still forecasted sluggish growth for the year.
These developments reflect broader concerns about the sustainability of demand for EVs and the perceived overvaluation of the sector. Given Tesla’s influence as an industry bellwether, news affecting the company often has a ripple effect on other EV stocks, contributing to today’s market slide.
Notably, Lucid (LCID -3.50%), another key player in the EV arena, hasn’t yet disclosed its first-quarter delivery figures. However, given its comparatively modest production and delivery numbers from the previous year, coupled with significant operating losses, the outlook for Lucid remains uncertain.
Looking ahead, the EV industry faces challenges such as the need for cost reductions in EV technology, improvements in vehicle range and charging infrastructure, and potential shifts in interest rates. Until these factors evolve significantly, it’s likely that EV stocks will continue to face difficulties throughout 2024 and beyond.
Introduction: What is Rivian Inc?
Rivian Automotive Inc. (NASDAQ: RIVN) the USA-based electric vehicle powerhouse that stormed the NASDAQ in 2021, raising a staggering $14 billion. Led by Robert RJ Scaring and headquartered in Irvine, California, Rivian is poised for immense growth, positioned as a potential rival to Tesla Inc. Rivian’s stock price predictions and growth potential, starting from its initial stock price of $79. With a workforce of over 14,000 and a trailing 12-month revenue of $2.2 billion, Rivian emerges as a formidable contender in the dynamic electric vehicle market, challenging the industry giant with its innovative approach and substantial financial backing.
Historical Performance of Rivian Stock | EV Stocks
Rivian Automotive hit its all-time high stock closing price of $172.01 on November 16, 2021. Currently, the stock is trading significantly lower, with a 52-week high of $28.06, indicating a stark contrast of 153% from its peak. On the other hand, its 52-week low stands at $10.05, just 9.4% below its present share price.
Until early 2022, few in the investing community, especially automotive companies, anticipated discussing a slump in the EV industry a year later, with many players forced to reset their production targets due to slowing growth. Recently, Fisker (FSR), Lucid Motors (LCID), and Polestar (PSNY) have all revised down their production forecasts, while Ford and General Motors have scaled back their EV investment plans.
Even Tesla’s (TSLA) Q3 earnings call painted a bleak picture of the EV industry in the short term, with CEO Elon Musk attributing industry woes to macroeconomic slowdown and rising interest rates, signaling a cautious approach to the company’s upcoming factory in Mexico.
Rivian Stock Price Prediction
Rivian Stock Price Prediction According to various sources
Rivian stock price predictions vary notably. Coinpriceforecast.com forecasts a rise to $17 by the end of 2025 and $20 by 2026.
According to Rivian stock price prediction 2025 moomoo.com projects a higher price of $27.14 by the middle of 2025.
However, coincodex.com offers a more conservative estimate, predicting a decrease to $8.72 by 2025, reflecting a 17.15% decline.
Long-Term Rivian Stock Price Prediction 2024–2050
According to the latest long-term forecast, Rivian’s price trajectory indicates steady growth over the coming years. In 2024 Rivian price could reach $12.02, $16.49 by the middle of 2025, $37.12 in 2029, $48.07 in 2034, $58.31 in 2040, $76.95 in 2050.
Rivian Stock Price Prediction 2025
The Rivian Automotive, Inc. stock prediction for 2025 is currently $26.64. This forecast is based on the assumption that Rivian Automotive, Inc. shares will continue growing at the average yearly rate observed over the last 10 years. If this trend persists, it would result in a -11.15% increase in the RIVN stock price compared to the current price of $10.51.
Rivian Stock Price Prediction 2029
Rivian’s stock performance in next 5 years from now is expected to be positively influenced by the company’s continued development of electric vehicle (EV) technologies and expansion into new markets.
Based on our Rivian Stock Price Prediction 2029, a long-term increase is expected, the “RIVN” stock price prognosis for 2029 for beginning is 47.09 and dollars and $37.12 on averag and high forecast is $47.09 from its current price $10.51.
Rivian Stock Price Prediction 2030
Rivian stock price prediction for 2030 is $30.50 as the first target and $34.45 as the second target. Overall, in 2030, the Rivian stock price forecast could range from $745.34 to $845.45. After Tesla’s cyber truck, Rivian is the most popular brand in Pickup trucks (SUVs) and their designs are unique and beautiful.
Rivian Stock Price Prediction 2034
Rivian Stock Price Prediction 2034 is expect to increase by 150% from now and would reach an average price of $48.07 and RIVN stock is forecasted to range between 37.31 to 58.82 it it maintains its yearly hike rate over last 10 years from its last price of $ 10.52.
Can Rivian Make It Big in the EV Industry?
Rivian has steadily grown its market share in the U.S. electric vehicle (EV) market since the commencement of car deliveries, now ranking among the top 5 companies in terms of market share. Despite this progress, it’s essential to recognize that electric cars currently represent less than 10% of total car sales in the U.S.
While the extent of electric car market penetration by 2030 remains uncertain, even the most conservative estimates project a penetration rate exceeding 25% by the decade’s end. Consequently, for Rivian to attain a 10% market share in the U.S., it would need to significantly increase its deliveries from current levels, potentially requiring exponential growth.
Rivian currently operates a plant in Illinois with a capacity of 150,000 units, a capacity it plans to expand to 200,000 units. Additionally, the company is constructing its next plant in Georgia, initially designed to produce 200,000 vehicles. By 2030, Rivian aims to double the capacity of the Georgia plant to 400,000 units.
How to Purchase Rivian Stock in 10 Easy Steps
To BUY Rivian Stocks in Canada or any Place you just need to follow these simple steps mentioned below:
Step 1: Set up your brokerage account
Before diving into Rivian stock, ensure you have a brokerage account ready to go. While Fidelity’s $0 commission for online trades is a popular choice, there’s a myriad of alternatives out there to explore.
Step 2: Establish your financial plan
Crafting a solid investment strategy involves thoughtful budgeting. Consider whether you prefer gradually building your position over time or making a substantial single investment. Whatever you decide, pick an amount that won’t keep you up at night if the stock takes a dip.
Step 3: Conduct thorough research
Now it’s time to roll up your sleeves and delve into Rivian’s potential. Assess the company’s financial health, scrutinize its strengths, weaknesses, opportunities, and threats (SWOT), and evaluate its current valuation.
Step 4: Execute your trade
Having completed your analysis, if you’re confident in your findings, go ahead and click that buy button to become a proud Rivian shareholder.
Is Rivian a sound investment?
Investors have a plethora of reasons to consider adding Rivian to their portfolio. Firstly, it provides exposure to the thriving EV industry with Rivian standing as a notable player. Renowned publications like Car and Driver and Consumer Reports rave about Rivian’s R1T, labeling it as one of the most capable and cutting-edge electric pickups on the market.
Disclaimer:
What is the rivian stock price prediction for 2025?
Originally published at https://moneymystica.com on April 3, 2024.
