2024-07-18 17:12:44 ET
Summary
- Rivian stock gained ~80% since May due to high sales growth and a substantial cash balance, alongside a $5B Volkswagen deal for next-gen vehicle platforms.
- Rivian aims for gross profitability by Q4 2024 via cost cuts, efficient production, and strategic investments, but risks remain high due to heavy competition and market uncertainty.
- I upgrade RIVN to Buy with a small portfolio allocation (~2.5%), expecting a potential CAGR of 40% over 5.5 years, yet it remains a speculative high-risk investment.
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For further details see:
Rivian: Worth Navigating Risks For High Rewards (Rating Upgrade)