Rivian Stock Prediction Next Week

Rivian Stock Surges After Volkswagen Invests $2 Billion

Analysts optimistic about Rivian's future

Rivian Automotive stock (RIVN) surged nearly 9% on Tuesday after Volkswagen AG (VOW) announced it would invest $2 billion in the electric vehicle maker. The investment is a major vote of confidence for Rivian, which has been struggling to ramp up production of its electric pickup trucks and SUVs.

Analysts see potential for Rivian

Analysts are optimistic about Rivian's future, with the average 12-month price target set at $1727. This suggests that analysts believe Rivian's stock has the potential to more than double in value over the next year.

However, some analysts are more cautious, with a low estimate of $900. This suggests that there is some risk involved in investing in Rivian, and investors should be aware of the potential for losses.

Rivian's sales expected to grow

Analysts also expect Rivian's sales to grow significantly in the coming years. In 2024, analysts expect Rivian's sales to increase by 88% year-over-year to $482 billion.

Top-line growth is forecast to accelerate to 134% in 2025, with sales expected to reach $1.1 trillion.