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.
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.
