We welcome you to our next stock price prediction article by SGBulls.com, and in this article, you will learn about the Rivian stock price prediction 2050. Hope you will get a clear picture after reading this article. We wrote the article in layman’s language for you to understand clearly and scroll your eyes fast to save time. So just take a cup of coffee and let’s get started …
Rivian Automotive was originally founded in 2009 with a target of electric sports vehicles and pickup trucks. The company was founded by Robert “RJ Scaringe and was formally known as Avera Automotive or Avera Motors. The main headquarter of the company is in Irvine, California, United States. The company changed its name to Rivian Automotive in 2011. One of the most interesting facts is that in April 2022, Amazon invested around $1.3 billion in the company.
Rivian Automotive received investments in 2015 and started growing from then on. In September 2016, the company made announcements of its target to buy a manufacturing plant owned by Mitsubishi Motors in Illinois. By January 2017, Rivian purchased the plant for $16 million. In September 2021, Rivian became the world’s first automobile company to bring an electric pickup. In November 2021, Ford Motors announced its decision of retaining a 12% stake in Rivian.
Notable News and Developments
- In October 2022, DNB Asset Management (DNB), the largest financial-services firm in Norway, bought 206,283 shares of Nvidia and added 16,825 shares to make 43,849 shares of Rivian Automotive and reduced its investments in Ford Motors and General Motors.
- In October 2022, Rivian Automotive revealed that it produced 7,363 vehicles in Illinois in the third quarter of 2022 which is more than 4,401 vehicles during the second quarter of 2022.
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Rivian stock price prediction
According to the analysis done by SG Bulls Team, the Rivian stock price prediction 2050 is highly positive. In recent quarters, the revenue earned from the sales has increased consistently reflecting strong momentum in the company’s growth in the coming years. Rivian Automotive is, therefore, expected to provide a good return on every investment opportunity. Moreover, Rivian Automotive is regarded as one of the world’s fastest-growing electric vehicle-producing companies.
| Years | Rivian Stock Price Prediction |
|---|---|
| 2022 | $18.43 |
| 2023 | $57.03 |
| 2024 | $100.49 |
| 2025 | $179.35 |
| 2030 | $745.34 |
| 2050 | $2,490 |
Rivian stock price prediction 2022
According to our team of analysts, Rivian stock price prediction for 2022 is around $18.43. The forecast has been calculated based on the latest news on Rivian’s increase in sales revenue. 2022 might not see a sharp growth in the stock price keeping the Federal Reserve’s rate hike decision of making the interest rate 5% in the upcoming Federal Open market Committee (FOMC) meetings. Moreover, due to a minor structure defect observed in seven newly launched vehicles, the company recalled around 13,000 vehicles in October 2022. Due to this, Rivian stock price reflected a short-term correction but Rivian Stock Price Prediction 2050 will be a long-term target and the stock price is expected to blast during that time.
Rivian stock price prediction 2023
The team of analysts did the prediction for 2023 based on the financial reports of Rivian Automotive. Rivian stock price prediction for 2023 is expected to reach $57.03.
You are right – the growth will not be much in 2023 unless Rivian takes a massive step of launching any environment-friendly vehicle or any new investor leaps into it. Moreover, taking the world scenario, growth is not expected to be high in a short-term period because of the impending recessionary pressure.
According to Rivian Automotive’s management, due to inflationary pressure and high costs of production coupled with supply chain issues, the production pace might decline for a few months. This can show some corrections in the stock price but from 2024, the stock price is expected to show a huge rally. If your focus is completely on the Rivian stock price prediction 2050, you do not have to worry about the short-term corrections but instead should focus on increasing your stake.
Rivian stock price prediction 2024
In 2024, the world economy is expected to gain momentum with Federal Reserves meeting the success of combating the inflationary pressure to some extent. Accordingly, incentives for generating renewable energy sources, especially solar energy are expected to rise. Rivian stock price prediction by our team for 2024 is $100.49 but do not worry Rivian Stock Price Prediction 2050 will be quite high .
Rivian stock price prediction 2025
In 2025, the United States will become highly tech-driven. Out of all the companies engaging in tech-driven activities, Rivian Automotive will be one of them in introducing high-tech EVs in the market. Our analysts found that Rivian stock price prediction for 2025 is $179.35. This growth will be supported by the involvement of more retail investors and institutional investments.
Rivian stock price prediction 2030
Considering factors like market demand for electric vehicles, and technological improvement, we have estimated that the Rivian Stock Price can reach $745.34. The company’s fundamentals are quite strong and analysts are having an optimistic outlook on this stock. Moreover, Rivian has become one of the most popular brands in the world when it comes to manufacturing Pickup trucks (SUVs), and their designs are considered to be beautiful. Are you now excited to know the analysis for Rivian Stock Price Prediction 2050? So let’s get started with it …
Rivian stock price prediction 2050
In January 2022, the company revealed that it has filed for a trademark purposely for its brand for its electric bikes. The officials of Rivian Automotive did not reveal anything regarding any future plans of when the company is planning to come up with electric bikes. As you and we are focusing on a long-term investment instead of short-term, it is expected that at least before 2050, it will start manufacturing electric bikes with advanced technologies and cheap cost of production which will enable them to generate huge sales revenue.
Additionally, Samsung SDI supplies Lithium batteries to Rivian Automotive. If Samsung SDI continues to grow parallel along with Rivian then Rivian can get more number of Lithium batteries from Samsung SDI and accordingly can increase the production of electric vehicles. Based on different software and analysis, the Rivian Stock Price Prediction 2050 is around $2,490.
Must Read: Lucid Stock Price Prediction 2022, 2025, 2030
Conclusion
Due to some supply chain issues faced due to rate hikes and fear of recession, the Rivian Stock Price can show short-term corrections for a couple of months. Additionally, in a few of its vehicles, minor defects were observed, and parallel the company is facing supply chain issues. According to our analysts, if you want to invest you can go for it based on your risk appetite. If the stock price corrects more then you can invest at $19.85.
Prepare yourself to hold it for the long term to get massive returns. If you find that, within 2-3 years, you are getting satisfactory returns, you can book profit and can again purchase if the stock price corrects. Although there is a strong resistance at $71.30. You can book profit at that level and if that level breaks you can again increase your stake because Rivian Stock Price Prediction 2050 according to our analyst will reach close to $2,500. We would advise you to manage your finances accordingly before you invest. You can also read about Lucid Stock Price Prediction for the long term.
Must Read: Lucid Stock Price Prediction 2022, 2025, 2030
FAQ
What is the target price for Rivian Stock?
Based on our analysis, the target prices of the Rivian Stock are $18 in 2022, $57.03 in 2023, $100.49 in 2024, $179.35 in 2025, $745.34 in 2030 and Rivian Stock Prediction 2050 is $2490.
Should you buy Rivian Motors stock in 2023?
The stock price is very low and might correct more to reach $22.85. For example, if you want to invest $5,000 in total now, then we would recommend you invest $1,000 now, $1,200 when it will correct more and $2,800 when it will cross $40.98. Before investing, have a look at your risk appetite. If something awful happens in the future, you must book your profits immediately and exit your positions.
What will Rivian stock be worth in 5 years?
According to our analysis, as Rivian is having massive plans to expand its operations and boost its sales, we believe that the stock price will cross $200. You can go through our write-up on Rivian Stock Price Prediction 2050 above to get a rough idea of how the stock price will grow over the years.
What will Rivian stock be worth in 10 years?
As Rivian is reflecting a huge capability of expanding its operations and boosting its sales, our analysts believe that the stock price can cross $800.
Will Rivian stock be like Tesla?
It is pretty hard to say at this stage because Tesla is already growing exponentially and is developing its technology faster than any other automobile company. Therefore, Rivian stock cannot be like Tesla but the stock price can show huge growth in the coming years.
Is Rivian a long-term investment?
Absolutely Yes. It is because the stock price can show short-term corrections but in the future, it has the potential to become a multi-bagger. In case, if you are satisfied with 200% or 300% returns on your investment, you can exit your positions and wait for corrections to invest again.
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