Rivian Stock a Buy Despite Slump? Top Investor Says Load Up

Rivian Stock a Buy Despite Slump? Top Investor Says "Load Up"

Rivian’s stock (RIVN: NSD) has been on a downward spiral this year, dropping over 60%. But one top investor sees this as a buying opportunity.

 

Analyst Bullish on Rivian’s Long-Term Potential:

According to a recent interview, Gary Alexander, a highly regarded investor with a 5-star rating on Wall Street, believes Rivian’s current valuation presents a compelling reason to buy. He’s confident in the company’s long-term prospects, citing the ever-expanding electric vehicle (EV) market as a key factor.

RIVN Ratings by Stock Target Advisor

Short-Term Challenges Acknowledged:

Alexander doesn’t shy away from Rivian’s current hurdles. He recognizes the challenges the company faces, including supply chain issues and rising costs. However, he maintains his optimism about Rivian’s long-term potential despite these temporary setbacks.

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