Rivian Stock Forecast Price Prediction: Are you looking for Rivian Automative’s stock price prediction? Here, we are sharing the complete details related to Rivian Automotive Inc (NASDAQ: RIVI) and Rivian Stock Forecast Price Prediction 2023, 2025, 2030, and 2040, so that everyone can learn about this company.
Rivian Inc. Company Overview
The Rivian company is a manufacturer of electric vehicles and autonomous driving technology. The company was founded by RJ Scaringe and Jeff Smith in the year 2009. It has headquarters located in Plymouth, Michigan; while the branch offices are in San Jose, California; Santa Monica, California; Detroit, Michigan; Irvine, California; and Beijing, China.
The Rivian’s first product was an all-electric pickup truck named R1T. It launched R1S SUV in 2014 and R1C, which is a crossover utility vehicle in 2015, and the sports car R1X in 2016.
The brand plans to launch its R1S doorway in 2020, which will be followed by the R1S eSportscar, which will be unveiled in 2021.
The company‘s products include:
- R1T Pickup Truck
- R1C Crossover Utility Vehicle
- R1S SUVs
- R1X Sports Car
What is Rivian?
Rivian is a new electric vehicle startup based in Silicon Valley. The company’s first product R1S SUV debuted last year and went on sale this past summer. Now, it is bringing out an all-electric pickup R1T.
The R1T shares many of the same features as the R1S but there are some key differences between these two models also.
Rivian Stock Analysis
Rivian stock currently trades at $3.19 per share and has a market capitalization of about $1 billion. The company has a beta of 0.7 and a P/E ratio of 7.5.
The payout ratio of Rivian stands at 53% and its return on equity is at 11.9%.
In terms of revenue, the Rivian company has sales of $843.4 million in the year 2018. The company generated a net income of $1.1 billion in 2018.
The company expects revenues to increase by about 50% to $1.2 billion in 2019.
Rivian’s competitors include Tesla Motors Inc., Geely Automobile Holdings Ltd, BYD Auto Industry Co Ltd, BMW Group, General Motors Co., Daimler AG, Renault SA, Volkswagen AG, Nissan Motor Co., Volvo Cars, Ford Motor Co., Fiat Chrysler Automobiles NV, Geely Automobile Holdings Ltd, Jaguar Land Rover Plc, Honda Motor Co., Mitsubishi Motors Corp., Suzuki Motor Corp., Subaru Corp., and others.
What Will Rivian stock price prediction in 2022
Rivian’s current market price ranges from $39.00 – $70.00. Some technical analysts predict that the Rivian stock price may remain between $52 and $83 during a bull market and $39 and $69 during a bear market.
Rivian Stock Forecast Price Prediction 2023, 2024, 2025, 2030, 2035, 2040, 2050 TABLE
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Rivian Stock Price Prediction 2023
As per Elliott‘s wave analysis and technical indicators, the expected price of the company’s stock should change between $55 and $80.
Rivian Stock Price Prediction 2025
Rivian stock forecast 2025 is about $95, and the next target might be $99. This indicates that the stock price may range between $96 and $100.
Rivian Stock Price Prediction 2030
Rivian Stock Forecast 2030 price could be between $280 and $310.
Rivian Stock Price Prediction 2040
According to the analysts, the Rivian stock price forecast for 2040 is $1400.
Rivian Stock Price Prediction 2050
Rivian Automotive will become 40 years old by the year 2050 and its stock price will be around $2,600.