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What's the Rivian stock price 2030? Many are asking because of the company's current success in the automotive sector. What's behind all the predictions about Rivian's long-term stock price?
Some analysts believe Rivian will be worth billions of dollars in a few years, while others believe that the Rivian share price will remain modest.
While there is no definitive answer, we can forecast Rivian's stock price based on what we currently know about the company.
Daily figures show that the Rivian share price will be under pressure in 2023, as concerns about the company will not go away.
It has also moved slightly below the 25-day and 50-day moving averages. The stock has even developed an inverse head and shoulders pattern.
However, as the supply chain improves, we expect Rivian stocks to break out strongly in 2023, and when they do, they are likely to rebound to $50, more than 71% above the current price. A drop below 20 USD invalidates the negative view.
The Rivian stock price is now $28.85, down from the previous 52-week high of $35.72. One of the most attractive stocks in 2020 was Rivian. The manufacturer delighted with its debut at the Nasdaq in December 2019 and since then the share price has more than doubled.
Analysts remain optimistic about Rivian's long-term potential despite the recent downturn. Wedbush Securities analyst Dan Ives' target price for Rivian is Rivian is $45 per share, an increase of nearly 36% from current prices.
The fact that Rivian has received more than $8 billion in capital from investors such as Amazon and Ford is another plus for the company. This provides Rivian with cash it can use to invest in potential expansion projects and further expand its vehicle production.
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You can get an idea of what analysts think by reading the quotes from famous Rivian experts we have compiled below:
"This company has already achieved a lot since its inception. Vehicle production has already started. They have an amazing product, strategy, leadership, technology and business plan. So it's better to think about the future than the present."
John Murphey - BofA ($170 Target Price)
"Our estimate is based on revenues of 4.5 times $30 billion. At about 9x and 2x, respectively, Neo is at the low end, while Tesla is at the high end. Rivian is in the middle and has the opportunity to dominate last-mile deliveries thanks to its excellent relationship with Amazon and the fact that it doesn't have Tesla's technology."
Emmanuel Rosner - Deutsche Bank ($130 Target Price)
"We believe it is "THE" company that can beat Tesla."
Morgan Stanley Research ($147 Target Price)
Rivian posted an adjusted loss of $1.4 billion, lower than the $1.7 billion loss forecast by analysts polled by Refinitiv. The company also announced that the net bookings in the second quarter increased from 98,000 to 114,000. Although revenues increased by 47% over the second quarter, they fell short of analysts' expectations of $536 million.
Shares have fluctuated dramatically following the Rivian news. Initially, they rose by 3%, then fell to a slight negative before rising by 5%.
The same analysts expect Rivian share prices to rise in the near future. However, it is doubtful how much it will rise. Some foresee a huge growth above $100, while others expect a much slower rise.
Here is our prediction for Rivian stock price today and for the next few years.
| Year | Prediction |
|---|---|
2023 | $147 |
2024 | $165 |
2025 | $170 |
2030 | $200 |
Rivian's current market value for 2023 is $32.91 billion. Rivian's mission is to become a more adventure-focused green brand. They want their vehicles to not only be environmentally friendly, but also fun for drivers.
However, the company's lack of resources and strong competition from other automakers such as Ford and Tesla make it difficult for Rivian to expand full-scale production in 2023.
Given Rivian's relatively short history, an investment in the company is based primarily on its growth potential. In ten years, Rivian could sell more than one million electric cars per year.
This is because the company is ramping up production. With its production plant in Normal and a future factory in Georgia, the company expects to have a capacity of about 600,000 units per year. Rivian wants to eventually control more than 10% of the global electric vehicle market.
In ten years, Rivian could be producing many lucrative electric cars if growth goes as expected. The company has made a first foray into the electric pickup truck sector and, if it expands quickly, could win some customers.
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Some electric vehicle companies grab headlines if you're looking to diversify your stock portfolio with electric vehicles. Here are the best alternatives if you don't want to invest in Rivian:
Tesla is the best-known EV stock and frequently appears on top 10 mutual fund lists. With nearly 310,000 vehicles delivered from January to March, the automaker has increased its annual pace of deliveries by around 70%.
The all-electric, zero-emission Fisker Ocean, scheduled for launch in October 2022, is already taking pre-orders from prospective buyers.
Canoo's innovative business plan consists of a concept that allows consumers to change the interior and exterior of their cars. The startup hopes to offer customers the flexibility to transform a vehicle from car to truck by basing production on a skateboard-like base.
This company has just received $3.4 billion for its production facility in Saudi Arabia. According to Lucid, its Lucid Air model, which was named Car of the Year 2022 by MotorTrend, has a range of 520 miles per charge.
Rivian has already received funding from several large companies, such as Amazon and Ford. The company's goal is to become a global leader in electric vehicles. Rivian's share price is expected to rise as the company expands and offers new products.
Many believe that Rivian will prosper in the coming years, as it is a wonderful company with a solid business plan. Our experts will evaluate and assess the Rivian stock price prediction 2025 in the coming years, and we will keep you informed of any new developments.
So check back regularly for the latest information on Rivian's stock price prediction.
Looking for more about investments? Be sure to visit us at Monday Investor.
Rivian has already received funding from several large companies, such as Amazon and Ford. The company's goal is to become a global leader in electric vehicles. Rivian's share price is expected to rise as the company expands and offers new products.
Many believe that Rivian will prosper in the coming years, as it is a wonderful company with a solid business plan. Our experts will evaluate and assess the Rivian stock price prediction 2025 in the coming years, and we will keep you informed of any new developments.
So check back regularly for the latest information on Rivian's stock price prediction.
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Rivian Automotive Inc.'s overall price target is $46.50, with a high estimate of $70.00 and a low estimate of $23.00. In contrast, the median forecast shows an increase of +53.21% from the last price of $28.85.
RIVN is an undeniably good proposal that will pay off in the long run. That's why you have to put something on hold first, gather more and leave it for later.
Yes, RIVN is now in a strong buy zone. If you miss this opportunity, there will be no turning back. Take advantage of this opportunity while the stock is only $28.85.
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