Where Will Rivian Stock Be in 1 Year?
Every investor wants to find a diamond in the rough -- that overlooked stock that can deliver multi-bagger returns over the long term. Rivian Automotive (NASDAQ: RIVN) could fit the bill if the electric vehicle (EV) industry regains its mojo. But this truck and SUV maker must navigate some serious near-term roadblocks before it gets there.
Let's discuss what the next 12 months might have in store for Rivian and its shareholders.
Tesla rose from a niche EV start-up to a leading automaker in just over a decade. This achievement provides a valuable blueprint for rivals like Rivian as they tackle the opportunity. By entering the market with high-priced luxury models like the Roadster and Model S, Tesla established itself as an aspirational brand, which created significant pent-up demand for its products when it slowly moved downmarket.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 83 Buy predictions and 30 Sell predictions.
As a result the target price of 251 € shows a slightly positive potential of 8.26% compared to the current price of 231.85 € for Tesla Inc.
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