Rivian Automotive: Buy, Sell, or Hold?
Up-and-coming electric vehicle company Rivian Automotive (NASDAQ: RIVN) went public in 2021 and has steadily fallen 90% from its peak due to concerns about its long-term financial viability. However, there's been a bit of good news lately; recently announced a joint venture with a $5 billion investment in Rivian.
Days later, Rivian's management announced it was reaffirming its full-year production guidance and declared it was on pace to generate positive gross profit in Q4. At about $17 billion in market value today, the company remains a fraction of its former size.
Are these positive developments enough to turn sentiment in Rivian's favor? Is the stock a buy, sell, or hold?
Source Fool.com
Volkswagen AG VZO Stock
€105.00
0.620%
Our community is currently high on Volkswagen AG VZO with 8 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 104 € is below the current price of 105.0 € for Volkswagen AG VZO, so the potential is actually -0.95%.
