Rivian Stock: Cheaper Than Tesla, with 10x the Upside
$Rivian Automotive(RIVN.US$ 🫨1️⃣0️⃣x⬆️💰🆙
According to Mizuho Securities analyst Vijay Rakesh, Rivian stock is currently trading way cheaper than $Tesla(TSLA.US$ . Analysts’ average price target suggests significant upside potential in RIVN stock.
The analyst expects Rivian to deliver sales growth of 170% and 73% in Fiscal 2023 and 2024. Meanwhile, the production ramp-up and the company’s focus on attaining profitability soon are why Rakesh is bullish about RIVN stock. Further, his price target of $30 implies 87.73% upside potential from the current level.
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