1 No-Brainer EV Stock to Buy Right Now for Less Than $200
Owning Rivian (NASDAQ: RIVN) stock is not for the faint of heart, even after a recent $5 billion cash infusion from (OTC: VWAGY). But if you are a more aggressive investor, that cash lifeline could be exactly what Rivian needs to create a profitable business.
The future for this stock looks far brighter now than it did before the Volkswagen agreement -- and it still trades for well below $200 a share, even after a big stock rally. Here's why this electric vehicle (EV) stock might be a great buy right now if you have $200 available to invest.
It is important to give Rivian the credit it deserves, despite the fact that the business continues to bleed red ink. Losses in startups aren't shocking at all, given the magnitude of trying to build an electric carmaker from the ground up. That said, Rivian makes highly desirable EV trucks. They have won multiple industry awards, which suggests that Rivian's products are good.
Source Fool.com
Volkswagen AG ST Stock
We see a rather positive sentiment for Volkswagen AG ST with 6 Buy predictions and 2 Sell predictions.
As a result the target price of 140 € shows a positive potential of 24.67% compared to the current price of 112.3 € for Volkswagen AG ST.
