How will Rivian stock perform in the coming years, what is Rivian stock price prediction 2022, 2025 till 2030?
At the moment, many electric aficionados are thrilled about Rivian stock. This excitement stems from not only the vehicles’ stunning looks, but also, more crucially, the fact that they are aimed at the American market. Rivian is on a project of developing a pickup truck and an SUV. The deliveries have already begun.
Rivian could be critical in helping EVs become mainstream in a market where sedan and hatchback-style EVs have long been the sole options. And if Rivian vehicles sell in large enough quantities to justify the hoopla, Rivian stock may be a lucrative investment.
However, buying a stock based entirely on media hype might not be a great idea. In this post, we’ll examine Rivian stock to determine if it’s a good investment.
What Exactly is Rivian?
Rivian (Nasdaq: RIVN) is an electric vehicle manufacturer with its headquarters situated in Irvine, California. It was founded in 2009. The R1S and R1T models are currently available for configuration; the R1T starts at $67,500.
Rivian’s vehicles are built on a skateboard base. It was given this moniker because it closely resembles a skateboard. Perhaps more importantly, the skateboard platform can be used not only by Rivian in the future but also by other automakers. As a result, the skateboard platform could be a potential revenue stream in the future.
Other companies are trying to adapt the skateboard platform for their vehicles, too. Like Ford had planned to use the skateboard platform for its forthcoming electric vehicle, but changed its mind last year. Rivian stock, on the other hand, remains an appealing alternative for new and legacy manufacturers who don’t want to reinvent the wheel.
Rivian Stock Price Prediction 2022, 2025 and 2030.
In May, MarketBeat generated a host of analyst price targets for Rivian. As of May 16, 2022, the consensus rating was ‘buy,’ based on 18 analyst opinions. Twelve of the 18 analysts that cover the stock have given it a ‘buy’ rating, while six have given it a ‘hold’ one.
Rivian automotive stock’s 12-month analysts’ consensus price target was not provided by MarketBeat. Rivian’s stock price objective was slashed to $30 from $60 by Wedbush analyst Daniel Ives on the day of the company’s first-quarter earnings announcement. Vijay Rakesh, a Mizuho analyst, decreased his Rivian estimated stock price from $90 to $80.
According to a prediction from Wallet Investor, the outlook for the Rivian share value was primarily unfavorable as of May 16. The stock price was predicted to drop below $0.000001 by November 2022 and stay there through 2023, 2024, 2025, 2026, and May 2027, according to market statistics.
Rivian Stock Price Prediction 2025 is that the stock price will drop heavily and will stay that way through 4- 6 years.
When looking for Rivian stock predictions, keep in mind that analyst projections are subject to error. Past results are no guarantee of future outcomes.
It’s critical to conduct your own research and keep in mind that your decision to trade is based on your risk tolerance, market expertise, and portfolio size. Always keep in mind that you should never invest or trade money.
Rivian stock is currently in its early phases, with its public debut scheduled for November 10, 2020Those who invest now could be handsomely rewarded if things go well for Rivian. Rivian’s stock price, on the other hand, has been a little erratic since its IPO.
Rivian Stock is Dropping – Why Analysts Arent Nervous.
Rivian stock set a record high of $179.29 intraday on November 16, 2021, just days after its market debut, gaining 15.41 percent in a single day. However, the price quickly retreated, indicating a decline. The stock has dropped 85 percent from its all-time high and is currently trading at $26.49. (16 May).
In May, a technical analysis of the stock indicated a bearish short-term outlook. The stock was trading below its 10- and 20-day moving averages, indicating that it was on the decline.
The relative strength index (RSI) of 39 was neutral, but it was on the verge of being oversold. An RSI of 30 or below indicates that the stock is getting inexpensive, and a trend reversal is possible.
Investor Attitudes
As expected, investors are indifferent toward the Rivan Stock at the moment, and it’d be so until deliveries commence. Apart from the delays, there is nothing against which we can hold Rivian accountable. In the short, medium, and long term, we see that neutral feeling. Investor sentiment will most likely become more indicative of how Rivian is doing as things progress.
Is Rivian Stock a Good Buy
The simple answer to this question is yes If the question was thrown to only the most zealous Rivian fans. Given the ongoing uncertainty, it’s obvious and not surprising that Rivian stock has fallen significantly since its IPO.
Rivian looks good, but until delivery begins, there will be a lot of unanswered questions. Until then, we’ll be observant and watch the turnout of things.