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Analyst Rating: Will Rivian Automotive Inc (RIVN) Stock Beat the Market?

Friday, August 19, 2022 09:58 AM | InvestorsObserver Analysts
Analyst Rating: Will Rivian Automotive Inc (RIVN) Stock Beat the Market?

Analysts who follow Rivian Automotive Inc (RIVN) on average expect it to add 63.57% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Rivian Automotive Inc an Analyst Ranking of 32, which means it ranks higher than 32 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating RIVN a Buy today. Find out what this means to you and get the rest of the rankings on RIVN!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Rivian Automotive Inc Stock Today?

Rivian Automotive Inc (RIVN) stock is trading at $34.48 as of 9:49 AM on Friday, Aug 19, a loss of -$1.42, or -3.96% from the previous closing price of $35.90. The stock has traded between $34.45 and $35.08 so far today. Volume today is less active than usual. So far 969,732 shares have traded compared to average volume of 15,889,498 shares. Click Here to get the full Stock Report for Rivian Automotive Inc stock.

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