Is Rivian Stock Worth Buying?

Rivian is a promising electric vehicle (EV) company that has attracted a lot of attention in recent years. 

The stock has gained a lot of momentum as investors see the potential for growth in the EV market. 

However, like any stock, there are risks and uncertainties to consider before investing. 

Factors such as production timelines, demand for EVs, and competition in the market will all play a role in determining the future success of the company and the value of its stock.

Ultimately, whether or not Rivian stock is worth buying will depend on the individual investor’s risk tolerance and investment goals. 

It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.

Forecast for Rivian stock: Rivian stock is likely to test $19 as its previous low

A stock price of $22.48 was reached by Rivian RIVN on Friday

The latest long-term Raven stock forecast, forecast, and target: Raven stock price will reach $27.02 by the end of 2022

And then $46.37 in 2023, $74.31 in 2024, $98.09 in 2024, $98.09 in 2025 $273.65 in $273.65 $473.65 in 2022 $473.60 in 473.042440.4030. And in 2050 it will be $6854.79.

Welcome to our series of stock forecasts, price predictions, and price targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050.

Today we will analyze the stock with both analysis, i.e. technical and fundamental analysis, and today’s stock is – Rivian Automotive, Inc.

A 12-month target for Rivian stock

Our website uses a unique formula to analyze app data to determine whether Rivian would be a good addition to its portfolio. 

These forecasts and forecasts consider many factors including fundamental data changes, technical analysis, price changes, market cycle changes, and many others.

The last closing price is $22.48, according to our data analysis, the future price of Rivian RIVN stock is forecasted at $46 (104%) after one year or 12 months. 

If you have invested $100 now, your investment will be worth $204 in December 2023.

According to analyst analysis, predictions and forecasts were bullish in Tipranks for Rivian Stock. A total of 17 analysts give a rating for Rivian stock. 

12 out of 17 analysts give a buy signal, 2 give a sell signal and 3 analysts prefer a hold signal.

Raven’s stock target for the next 12 months, according to analysts, stood at an average of $47.53, with the highest forecast at $70, and the lowest forecast at $23.

Some information about Rivian Automotive, Inc.

Rivian Automotive Inc. is an American car manufacturer of electric vehicles and supplier of automotive technologies.

Company CEO Robert “RJ” Srange started the company in 2009 as Mainstream Motors, then renamed it Avera Automotive, and then, in 2011, Rivian Automotive.

The company is headquartered in Irvine, California, while its manufacturing facility is in Normal, Illinois, United States.

Sports cars were the original intent for Raven’s initial vehicle type. In 2015, Rivian received a large investment, saw tremendous growth, and began focusing solely on electric autonomous vehicles.

In 2016, Raven was negotiating to buy a manufacturing facility in Normal, Illinois that was previously owned by Mitsubishi Motors.

Rivian purchased the plant’s production

For $16 million, Rivian purchased the plant’s production equipment in 2017. Rivian unveiled its first two models in December 2017:

The electric R1C seven-passenger SUV and the electric R1T five-passenger pickup truck.

At the beginning of 2018, Raven had 250 workers. Currently, they employ more than 9000 people.

Rivian announced a price hike of 17% and 20% for the R1T and R1S, respectively, effective March 1, 2022. The company cited the shortage of semiconductors and an increase in the prices of other components.

Rivian was included in TIME’s list of the 100 most influential companies of 2022 in March of that year.

Rivian announced on July 27, 2022, that it will reduce its employment by 6%, as a result of high inflation, rising interest rates, and component costs.

The Rivian IPO comes in November 2021, with the firm raising about $13.5 billion in investment.

The firm was valued at $66.5 billion when 153 million shares were sold at an initial price of $78.00. The trading volume of the shares was 100.73 dollars per share on the first trading day.

Rivian Automotive Inc. In, major investors, and stakeholders are Amazon at 18.1%, Ford Motors at 11.4%, and Abdul Latif Jameel at 12.7%.

Forecast and prediction for Rivian’s stock price

Earnings for Rivian Stock’s Q2- June 2022

Rivian Automotive, Inc. Revenue was $364 million compared to $0 million last year, UP YOY

> Rivian Automotive, Inc. reported an increase in losses of -$1.7 billion, as compared to a loss of -$580 million last year, a 193% increase in losses YOY

Raven Stock’s Latest Q3- September 2022 Earnings

> Rivian Automotive, Inc. Revenue was $536 million compared to $1 million last year in Q3, UP YOY

> Rivian Automotive, Inc. reported an increase in losses of -$1.724 billion, compared to a loss of -$1.233 billion in Q3 last year, a – 40% increase in losses YOY

Is it advisable to purchase Rivian stock?

Currently, the price is trading at $22.48, which is almost 87% down from the all-time high of $179.47 (November 16, 2021). 

The daily technical chart of Rivian RIVN shows that the main trend is bearish, also in the short term. The trend is bearish.

Big support will be at $19 then at $14. The nearest resistance will be at $24.50 and then at $36. If any price is above $32.25, then only the short-term trend balances out and the stock price may reach $57.

Forecast of Rivian’s stock price for the years 2022, 2023, 2025, 2030, 2040, and 2050.

Here you will find Raven stock forecasts, price predictions, and targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050.

Here we give you stock forecasts/predictions at by analyzing data with the help of fundamental data, technical analysis, and elevating wave analysis. 

And AI of Raven stock past price data, and also experts in What do you say about the future of stocks? prediction

Please keep one thing in mind this prediction, forecast, or any target is only a suggestion or analysis given by experts. 

Predicting/predicting what will happen is almost impossible. Errors are always present in any analysis, but we try to give good-value stock forecasts/predictions.

Frequently Asked Questions regarding predictions and forecasts of the stock price of Rivian.

What will be Raven Stock Prediction 2023?

Rivian stock price is expected to reach the maximum level of 46 dollars at the end of December 2023. (updated every 15 days)

When will Raven stock reach $5,000?

According to the latest data conducted by AI-based technical analysis and Elliott Wave analysis.

Rivian stock may reach $5,000 in 2047-48 (the forecast will change according to future data changes and will be updated here every month)

What is the forecast for Raven’s stock price in 5 years?

According to the analysis of the current stock price data of Riven stock, RIVN will be expected to reach the highest price of $154 in 5 years.

What will the Raven stock price forecast be in 2025?

Raven stock, according to technology-fund data analysis. The price is expected to reach the maximum level of 98.08 at the end of 2025.

What is the forecast for the price of Raven stock in 10 years?

Based on AI analysis, and according to Rivian stock’s current stock price data. RIVN is expected to reach a 10-year high of $472 at the end of 2033.

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