|Bid||20.59 x 1100|
|Ask||20.62 x 1000|
|Day's Range||20.58 - 21.93|
|52 Week Range||11.68 - 37.39|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 07, 2023 - Nov 13, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.09|
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Rivian Automotive (NASDAQ: RIVN) first captured investors' attention back in 2019 when it struck a blockbuster deal with Amazon. Rivian agreed to supply the e-commerce titan with a whopping 100,000 electric delivery vans. Amazon no doubt saw the promise of Rivian's technology, as well as its potential to earn a sizable share of a global EV market that's set to top $900 billion by 2028, according to Statista.
The average brokerage recommendation (ABR) for Rivian Automotive (RIVN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?