Wedbush analyst Daniel Ives maintained a Buy rating on Rivian Automotive on Friday, setting a price target of $130, which is approximately 19.41% above the present share price of $108.87.
Ives expects Rivian Automotive to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Rivian Automotive, with an average price target of $135.
The analysts price targets range from a high of $170 to a low of $94.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of $0. The company's market cap is $97.03 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.4% and a 72.81% success rate.
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.