Rivian Stock Forecast 2030: Bull, Base, and Bear Predictions
Analysts Predict Rivian's Long-Term Growth
WEB analysts have released their forecasts for Rivian Automotive Inc. (RIVN) stock in 2030. On average, analysts expect RIVN to reach an impressive price of $139.43, with a high forecast of undefined. This optimistic outlook stems from Rivian's plans to increase production capacity and ramp up sales.
Sales and Production Targets
WEB analysts anticipate a significant surge in Rivian's sales over the next few years. They predict sales to jump by 88% year-over-year to $482 billion in 2024. By 2030, Rivian's sales are projected to reach $2.4 trillion. The company also aims to increase production by 400,000 units once it becomes fully operational in 2030.
Market Share and Market Conditions
In 2022, Rivian's CEO, RJ Scaringe, expressed high aspirations for the company, aiming for a 10% market share in the electric vehicle industry. However, recent concerns over demand and margin compression have dampened investor sentiment towards startup EV companies like Rivian. Analysts will continue to monitor Rivian's progress and the broader market conditions to refine their forecasts.
Forecasts by 24/7 Wall St.
24/7 Wall St. has provided its own set of forecasts for Rivian stock in 2030:
- Bullish Forecast: $190.00
- Base Case Forecast: $139.43
- Bearish Forecast: $88.85
These forecasts suggest that analysts are generally optimistic about Rivian's long-term prospects, despite the current headwinds.
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