Reported 8 months ago
Rivian's stock price received a positive outlook from TheStreetAnalyst with a $18 price target, as the electric-pickup truck maker aims to offset concerns about EV demand by introducing new vehicle lines and cost efficiencies. The analyst believes Rivian's new production platforms will lead to wider profit margins, positioning the company as a potential market leader in the EV industry. This comes as Tesla faces challenges with its Cybertruck launch, giving Rivian an opportunity to attract digitally oriented consumers with environmentally friendly and superior products.
Source: YAHOO