Rivian Stock Is Risky. Here's Why I'm Not Buying.
The electric vehicle (EV) market is expected to grow at an exponential rate in the coming years. Analysts estimate that by 2030, two out of every three cars sold globally will be an EV. With such drastic growth, a slew of manufacturers have entered the EV race in an attempt to stake their claim.
One of those is start-up Rivian Automotive (NASDAQ: RIVN). Offering outdoor enthusiasts electric SUVs and trucks, Rivian's initial public offering (IPO) in 2021 was one of the most anticipated of the year and the largest of any American company since Meta Platforms in 2012.
But hype doesn't necessarily mean it deserves a spot in your portfolio. Even though Rivian has become one of the more prominent names in the EV industry, there are a couple of reasons I wouldn't touch the stock.
Source Fool.com
Meta Platforms Inc. Stock
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 15.45% for Meta Platforms Inc. compared to the current price of 433.1 €.
