Adam Jonas analyst at Morgan Stanley reiterates coverage on Rivian Automotive (RIVN) in the Consumer Goods sector with a Buy rating. TipRanks.com has Jonas rated as a 4.4 star analyst with a 51% return on investment and a 7.5% success rate. Jonas has set a price target of $ 60.
TipRanks.com reports that Rivian Automotive currently has 15 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $51.46. The target pricing ranges from a high forecast of $108.00 down to a low forecast of $24.00. Rivian Automotive (RIVN)’s last closing price was $29.61 which would put the average price target at 70.42% upside.
In addition, TradingView issued a Neutral rating for RIVN over the next month, Barchart.com has a n/a rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on RIVN.
One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. Click here for more on Tipranks.com. Another great tool for charting is TradingView.com, so you might want to check that out too.
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