Rivian Automotive Inc. Stock Price Prediction for 2035
Future Outlook for Rivian Automotive Inc.
Analysts are optimistic about the future of Rivian Automotive Inc. (RIVN), predicting an average price of $12373 in 2035. This represents a significant increase from its current price, with a high prediction of $13095 and a low estimate of $12500. If Rivian meets analysts' expectations through 2025 and continues to grow its revenue at a compound annual growth rate (CAGR) of 40% from 2025 to 2035, it could generate significant returns for investors.
Sales Growth Forecast
Analysts expect Rivian's sales to increase by a modest 8.8% year-over-year to $48.2 billion in 2024. However, long-term growth is expected to accelerate, with estimates suggesting a CAGR of 50% from 2025 to 2035. This growth will be driven by increasing demand for electric vehicles and Rivian's expanding product line.
Analyst Price Targets
The 22 analysts covering Rivian stock have an average 12-month price target of $17.27, with a low estimate of $9.00. This indicates a significant upside potential from the current price level. However, it's important to note that stock price predictions can be inaccurate, and investors should conduct their own research and consider the risks involved before making investment decisions.
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