Why not to buy Rivian stock?
Rivian (NASDAQ: RIVN) recently went public, and to say that it is an expensive stock ... are not doing that well, and Lucid's doing it a lot better. They have a big technology advantage over a lot of the passenger EV players. That's why I ranked it low.
Could Rivian stock help you become a millionaire?
To become a millionaire in 2021, you would have had to buy 36,765 shares of its stock to achieve your goal. Trust me: If you told your spouse at the end of 2020 that you were dumping almost $78,000 of your hard-earned savings into the theater chain’s stock, they would have divorced you.
Is Rivian a good investment?
Rivian stock could be a risky investment. It could also achieve exponential growth. Something to keep in mind, though, is that Rivian isn’t a typical startup. It has the backing of Amazon and Ford. It already has a passionate base of outdoor enthusiasts and environmentalists.
Is Rivian stock a buy after the IPO?
The argument that the market overhyped Rivian Automotive (NASDAQ:RIVN) stock for the first week after ... is a buy opportunity. I think Rivian is still on a path for great success. Its IPO was ...
Can you buy Rivian stock?
Bottom line: Rivian stock is not yet a buy. RIVN stock plunged after missing earnings on March 1o. Shares are trading well below their IPO price at around 26. Its RS Rating is just 9 out of a best-possible 99.
What price will Rivian stock open at?
27.18Performance OutlookPrevious Close27.30Open27.18Bid28.32 x 800Ask28.34 x 900Day's Range27.14 - 28.773 more rows
Is Rivian stock available to the public?
Rivian is a privately held company. You cannot buy Rivian shares on the open market. It may be possible to purchase pre-IPO shares or to invest at the IPO, but you'll have to meet requirements and there may be restrictions. These shares may not be available at all.
Is Rivian stock a buy or sell?
Is RIVN a Buy? Wall Street analysts, on average, have a Buy rating on Rivian. As of Monday morning, seven analysts rated the stock a Strong Buy, four as a Buy and five a Hold. None rated it a Sell.
What will Rivian stock symbol be?
RIVNRivian Automotive Inc RIVN:NASDAQ.
Will Amazon sell its Rivian stock?
Indeed, in its statement to Bloomberg Amazon said that it was “committed” to work with Rivian to put those electric delivery vehicles on the road by 2030. Abdul Latif Jameel, a Saudi Arabia-based group and an investor in Rivian, said it has no plans to sell shares.
When can I buy Rivian?
If you're thinking of investing in the electric vehicle (EV) sector, then popular electric pickup and SUV maker Rivian Automotive Inc. has filed to go public, with its debut taking place on November 9, 2021. Keep reading to find out more about the Rivian and how to buy stocks in companies when they go public.
Who bought Rivian stock?
CEO R.J. ScaringeCEO R.J. Scaringe's recent purchase means he owns about 4.5 million shares of Rivian stock. Rivian RIVN –0.68% 's CEO R.J. Scaringe stepped up and bought the dip in his company's stock, purchasing 41,000 shares of the electric vehicle start-up on Monday.
What day will Rivian go public?
Rivian shares listed publicly on the Nasdaq on Nov. 10, 2021.
Is Rivian Automotive good stock to buy?
An investment in Rivian is aggressive and full of risk. The company recently acknowledged it will have to absorb rising raw material costs, and it had to scale back its near-term production plans due to supply chain shortages. The execution risk is real, and there is also a real chance the company could fail.
Why did Ford sell Rivian shares?
When asked about reasons for sales, Ford told Barron's in an emailed statement that the company “was to monetize some of the gains” on its Rivian investment. That, of course, is another good reason for the company to sell part of its stock.
Should I buy or sell Rivian Automotive stock right now?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last year. There are currently 1 sell rating, 6...
What is Rivian Automotive's stock price forecast for 2022?
19 Wall Street analysts have issued 12-month price targets for Rivian Automotive's shares. Their RIVN stock forecasts range from 24.00 to 170.00. O...
How has Rivian Automotive's stock price performed in 2022?
Rivian Automotive's stock was trading at 103.69 at the start of the year. Since then, RIVN shares have decreased by 72.6% and is now trading at 28....
When is Rivian Automotive's next earnings date?
Rivian Automotive is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for...
How were Rivian Automotive's earnings last quarter?
Rivian Automotive, Inc. (NASDAQ:RIVN) posted its earnings results on Wednesday, May, 11th. The electric vehicle automaker reported ($1.43) earnings...
Who are Rivian Automotive's key executives?
Rivian Automotive's management team includes the following people: Mr. Robert Joseph Scaringe Ph.D. , Founder, CEO & Chairman (Age 38, Pay $1.3M...
Who are some of Rivian Automotive's key competitors?
Some companies that are related to Rivian Automotive include Ford Motor (F) , General Motors (GM) , Stellantis (STLA) , AB Volvo (publ) (VLVLY)...
When did Rivian Automotive IPO?
(RIVN) raised $9.1 billion in an initial public offering on Wednesday, November 10th 2021. The company issued 153,000,000 shares at $57.00-$62.00 p...
What is Rivian Automotive's stock symbol?
Rivian Automotive trades on the NASDAQ under the ticker symbol "RIVN."
About Rivian
Rivian (NASDAQ:RIVN) Frequently Asked Questions
Rivian is an American electric vehicle automaker and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies.
About RIVN
16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rivian in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Rivian stock. View analyst ratings for Rivian or view top-rated stocks.
Analyst Forecast
Rivian Automotive designs, develops, and manufactures category-defining electric vehicles (“EVs”) and accessories. We sell them directly to customers in the consumer and commercial markets.
News
According to 22 analysts, the average rating for RIVN stock is "Buy." The 12-month stock price forecast is 135.59, which is an increase of 129.19% from the latest price.
How to buy shares in Rivian
Coatue Management recently disclosed its 13F portfolio updates for the fourth quarter of 2021, which ended on Dec. 31.
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Rivian overview
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical and forecast chart of Rivian Automotive stock
Rivian Automotive, Inc. develops and manufactures electric adventure vehicles. It offers five-passenger pickup trucks and sports utility vehicles. The company provides electric SUVs and electric pickup vehicles. The company was founded in 2009 and is based in San Jose, California.
Rivian Automotive Daily Price Targets
The chart below shows the historical price of Rivian Automotive stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Rivian Automotive stock price can be found in the table below.
Rivian Automotive forecast for this year
Forecast target price for 02-24-2022: $ 68.50. Positive dynamics for Rivian Automotive shares will prevail with possible volatility of 5.133%.
Rivian Automotive information and performance
An downtrend is forecast for this month with an optimal target price of $ 63.9842. Pessimistic: $56.04. Optimistic: $69.17
Post-IPO Expansion
Rivian is an American electric vehicle manufacturer. The company was founded in 2009. Rivian is building an electric sports utility vehicle (SUV) and pickup truck on a skateboard platform that can support future models or be used by other companies.
Billionaire George Soros, Top Pension Funds Invest
Rivian announced Dec. 16, 2021, that it will open a vehicle assembly and battery plant near Atlanta. The $5 billion project is slated to break ground in the coming months.
Rivian EV Lineup
Rivian stock has garnered the attention of other top investors too. Billionaire investor George Soros bought nearly 20 million shares of Rivian stock worth $2 billion in the quarter ended Dec. 31, 2021, according to a Feb. 11, 2022, financial filing . The purchase makes Soros Fund Management one of Rivian's top investors.
Road To Ramp-Up 'Choppy'
The R1T electric pickup, which was named the MotorTrend Truck of the Year for 2022, starts at around $67,500, before the $7,500 federal tax credit. The seven-seater R1S SUV goes for about $70,000. The preorder launch editions of the two vehicles sold out at the end of 2020.
Deliveries Delayed
Morgan Stanley's Adam Jonas initiated Rivian coverage in December 2021, with an outperform rating and a price target of $147.
Rivian's Financials
On Jan. 26, 2022, Bloomberg reported Rivian was ramping up production at its Normal, Ill., plant, after the factory had been shut down for a week earlier in the month. The report also said Rivian is now on pace to have nearly 200 delivery ready vehicles a week.
Rivian Faces Fierce EV Pickup Competition
Rivian reported a little revenue in Q3, but steep losses. Sales came in around $1 million and losses were $12.21 per share. Those results are in line with what the company said it expected in a previous SEC filing.
