UBS Thinks Rivian Stock Can Hit $17. Is It a Buy?
Record growth, a potential turnaround, and a major financial challenge are pulling this EV stock in opposite directions. Here's what could determine where it goes next.
Rivian (RIVN -1.56%) is poised for growth, according to UBS analysts who believe the electric vehicle maker's stock could reach $17 per share. UBS sees potential in Rivian's R2 SUV and is optimistic about the company's prospects as production improves and software revenue bolsters the business. However, UBS highlights the challenge of turning this growth story into a sustainable business, as free cash flow remains deeply negative.
The key question is whether enhanced vehicle margins can materialize swiftly enough to ensure the company's long-term success.
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