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.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
