Rivian Stock Is Going to $19 According to This Wall Street Analyst. Here's Why They May Be Right.
Rivian has exposure both to mass market EVs and robotaxis.
Overview
Analysts at Cantor Fitzgerald reiterated their "neutral" rating on Rivian (NASDAQ: RIVN) stock on Sept. 28. Curiously, however, the firm also reiterated its $19 price target, which implies more than 20% upside.
In many ways, Cantor Fitzgerald's seemingly contradictory stance makes a lot of sense. Rivian does have plenty of growth potential. But there is also plenty of risk.
Details
Even if you're not traditionally interested in EV stocks, it looks wise to take a deeper dive into Rivian as an investment opportunity. Share price upside for Rivian could easily surpass Cantor Fitzgerald's price target in the years to come.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.