Are Rivian Shares Expected To Be 100 Dollars Or More
According to Wall Street's experts, investing $100 in RIVN stock could lead to significant appreciation. However, the stock has lost around 90% of its all-time high value, causing nervousness among investors due to mounting losses. With potential drops below $40, the stock's performance is expected to be volatile in the current year. Since Rivian is not profitable and missed revenue estimates, it may not be wise to over-invest in the stock. The current 12-month price forecast for August 2023 is $28.32, based on the consensus of 19 analysts. Despite initially being valued at $79, the stock opened above its IPO price at $100.71 and peaked at $170 within a week. Currently, the average price target for Rivian is $26.11. In July 2024, the predicted stock price could range from $29.59 to $36.75, with an average of $32.49 and an expected end-of-month value of $34.03. Despite being down 75% from its IPO price, the recent Tesla Cybertruck event may drive the stock price up.
According to Wall Street's experts, projections for Rivian stock show that investing $100 in RIVN stock could lead to significant appreciation. However, it's important to note that the stock has seen a significant decrease of around 90% from its all-time high value, which has caused concern among investors due to mounting losses. The stock's performance is expected to be volatile in the current year, with potential drops below $40.
Rivian is not currently profitable and has missed revenue estimates, which may cause hesitation in over-investing in the stock. As per the consensus of 19 analysts, the current 12-month price forecast for August 2023 is $28.32. The average price target for Rivian is currently $26.11.
Looking ahead, in July 2024, the predicted stock price could range from $29.59 to $36.75, with an average of $32.49 and an expected end-of-month value of $34.03. Despite being down 75% from its IPO price, some believe that the recent Tesla Cybertruck event may drive the stock price up.
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