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Could Buying Rivian Stock Today Set You Up for Life?

Eli GrantSaturday, Nov 30, 2024 10:53 am ET

3min read

RIVN --

As the electric vehicle (EV) industry continues to grow, one company that has garnered significant attention is Rivian Automotive. Founded in 2009, Rivian has made a name for itself with innovative, high-quality EV models such as the R1T pickup truck and R1S SUV. But the question remains: could buying Rivian stock today set you up for life?

Rivian's stock has been bullish in recent months, with analysts predicting a 28.13% increase from the current stock price of $12.23 to an average target price of $15.67. This optimism is driven by the company's unique value proposition, including high-quality vehicles, strong brand recognition, and a focus on adventure and outdoor activities. Furthermore, Rivian's strategic partnerships with major automakers and tech companies, such as Amazon and Ford, showcase its potential for mass production and distribution.

Analysts rate Rivian stock as a 'Buy,' expecting the stock to outperform the market over the next twelve months. Revenue forecasts show an increase to $5.16 billion next year, up 9.40% from 2024. However, it's essential to note that EPS remains negative, with an expected loss of $2.74 next year. Despite short-term losses, the long-term potential lies in Rivian's electric vehicle growth, making analysts optimistic about its investment potential.

RIVN Total Revenue YoY, Total Revenue

Moreover, Rivian's ability to meet production targets and deliver on growth projections will significantly impact its stock price in the next 12 months. Investors should monitor Rivian's production and sales figures, as well as its ability to innovate and capture market share in the electric vehicle sector.

In conclusion, buying Rivian stock today could indeed set you up for life if the company continues to meet or exceed expectations. The bullish outlook from analysts, strategic partnerships, and innovation in electric trucks and SUVs position Rivian as a strong competitor in the EV market. However, it's crucial to consider all aspects, including short-term losses and market fluctuations, when evaluating any investment opportunity. As with any investment, thorough research and careful consideration are essential before making a decision.

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hey_its_meeee

11/30

$RIVN What the flip? Check out this link: https://gallery.miamiherald.com/archives/784418

Ironman650

$RIVN Who is Kjell Gruner? With over 25 years in the automotive industry, Gruner brings a wealth of experience to his new role. He has held leadership positions at Porsche North America, DaimlerChrysler, and Mercedes-Benz, and most recently served as the Chief Commercial Officer at Rivian. This gives him valuable insights into both established automakers and electric vehicle startups. Rivian recently partnered with Volkswagen, and the German automaker is investing $5.8 billion in Rivian to utilize its software and electrical architecture technologies. This move comes as Volkswagen’s U.S. division has shown strong performance, with sales up 7% through the third quarter. Gruner’s experience at Rivian could strengthen their joint efforts in developing advanced software and electronics.

LackToesToddlerAnts

I think $RIVN will hit $30 by March.

Neyo_708

$RIVN Lawsuit update: It's official, folks, a lawsuit is on its way. 😎

Blackhole1123

$RIVN "GM and Stellantis Could Suffer Most from US Tariffs on Mexico." "The high cost of labor in the U.S. would make it challenging for automakers to untangle the complex supply chains built around Mexican facilities. For GM, which assembles some of its most profitable vehicles in Mexico, this could be especially costly."

Accomplished-Back640

$RIVN Lawsuit is on its way 😎

PhilosophyMassive578

$RIVN "GM and Stellantis May Suffer Most from U.S. Tariffs on Mexico." "Due to the high labor costs in the U.S., automakers would face challenges in reorganizing their supply chains that heavily rely on Mexican facilities. This could be especially difficult for GM, which assembles some of its most profitable vehicles in Mexico."

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