RIVN, EVs are still the future. Will probably go higher?

Rivian Automotive, Inc. (NASDAQ: RIVN) is an American electric vehicle (EV) manufacturer founded in 2009 by CEO Robert "RJ" Scaringe. Headquartered in Irvine, California, Rivian specializes in designing and producing all-electric adventure-oriented vehicles, including the R1T pickup truck and the R1S SUV. The company also offers electric delivery vans, notably fulfilling a significant order from Amazon. Rivian emphasizes sustainability and innovation, aiming to reshape the automotive industry by providing eco-friendly transportation solutions. ​Investors+2Wikipedia+2Chronicle+2GlobalData+1Financial Times+1

Over the past 52 weeks, Rivian's stock has traded between a high of $18.86 and a low of $8.26. ​Robinhood

As of March 21, 2025, the stock closed at $11.60, reflecting a 6.62% increase from the previous close. ​The Wall Street Journal

Analyst sentiment toward Rivian is currently cautious. According to MarketWatch, the company has received an average recommendation of "Hold," with an average target price of $14.68, based on 32 analyst ratings. Similarly, The Wall Street Journal reports that out of 32 analysts, 9 recommend a "Buy," 18 suggest "Hold," 3 advise "Underweight," and 1 recommends "Sell," with an average price target of $14.68. ​Chronicle+6Wikipedia+6Investors+6MarketWatchThe Wall Street Journal

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