When it comes to brand identity, specifications, and price, one of the best electric vehicle (EV) companies is Rivian Automotive Inc (NASDAQ:RIVN). And in its recent letters to shareholders, the company has given long-suffering investors reasons to celebrate.
That’s a nice change for shareholders who’ve watched Rivian stock trend steadily lower since Rivian Automotive Inc went public in November 2021.
Despite that bloodshed, most of the Wall Street analysts who watch Rivian Automotive Inc have bullish near-term outlooks for Rivian stock. They’ve given RIVN stock an average rating of “outperform” and have set 12-month share-price targets ranging from $24.00 to $147.00, which points to potential returns ranging from a loss of 13% to gains of 427%.
RIVN Stock Poised to Quintuple?
The post Rivian Stock: Beaten-Down EV Stock Could Soar 425%+ appeared first on Profit Confidential.