Guggenheim analyst Ronald Jewsikow maintains $Rivian Automotive (RIVN.US)$ with a buy rating, and maintains the target price at $18.
According to TipRanks data, the analyst has a success rate of 41.4% and a total average return of -7.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rivian Automotive (RIVN.US)$'s main analysts recently are as follows:
The firm's revised projections for Rivian Automotive ahead of its Q3 earnings take into account the ongoing supplier challenges extending into Q4, which are expected to affect production and delivery figures.
Electric vehicle demand is perceived to remain challenged, which has led to a reassessment of Rivian Automotive's potential outlook through 2024 and 2025. The company is recognized for its promising product roadmap, notably with the introduction of the lower-cost R2 slated for the first half of 2026. Additionally, a recent deal with VW is seen to enhance the company's balance sheet by reducing liquidity risks. Nonetheless, there is an anticipation of a softer U.S. EV market with potential demand challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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