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Analysts Offer Insights on Consumer Cyclical Companies: Rivian Automotive (RIVN), Mohawk (MHK) and Dutch Bros Inc (BROS)

Tipranks - Sat Aug 1, 9:58AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Rivian Automotive (RIVN), Mohawk (MHK) and Dutch Bros Inc (BROS).

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Rivian Automotive (RIVN)

In a report released yesterday, Mark Delaney from Goldman Sachs maintained a Hold rating on Rivian Automotive, with a price target of $18.00. The company’s shares closed last Friday at $15.80.

According to TipRanks.com, Delaney is a 5-star analyst with an average return of 23.0% and a 63.9% success rate. Delaney covers the Technology sector, focusing on stocks such as Keysight Technologies, TE Connectivity, and Cerence. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Rivian Automotive with a $18.37 average price target, implying an 8.2% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a $19.00 price target.

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Mohawk (MHK)

Goldman Sachs analyst Susan Maklari maintained a Buy rating on Mohawk yesterday and set a price target of $140.00. The company’s shares closed last Friday at $121.56.

According to TipRanks.com, Maklari is a 3-star analyst with an average return of 0.9% and a 49.7% success rate. Maklari covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, A. O. Smith Corporation, and Worthington Industries. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mohawk with a $117.78 average price target, a -5.8% downside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $136.00 price target.

Dutch Bros Inc (BROS)

In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on Dutch Bros Inc, with a price target of $74.00. The company’s shares closed last Friday at $66.14.

According to TipRanks.com, Feldman is a 4-star analyst with an average return of 5.3% and a 51.8% success rate. Feldman covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, aka Brands Holding Corp, and Floor & Decor Holdings. ;'>

Currently, the analyst consensus on Dutch Bros Inc is a Strong Buy with an average price target of $79.58, a 21.1% upside from current levels. In a report issued on July 17, Stephens also initiated coverage with a Buy rating on the stock with a $80.00 price target.

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