Tesla Rival Rivian's Stock Could Skyrocket at Least 160%, Says Top Analyst

Yahoo Finance2022-01-28

Rivian's stock has an electric amount of upside potential.At least that is the good word from top Wall Street auto analyst at Morgan Stanley Adam Jonas.The often headline-making Jonas — known for his ...

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Comments

AzriTan
2022-01-29
AzriTan
Buy both?
Jason_LSE
2022-01-28
Jason_LSE
More competition in the EV industry will be good for general consumers.
boonk
2022-01-28
boonk
Sit tight with cash..
jtvcak
2022-01-28
jtvcak
[Like]

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While Rivian is at a far earlier stage in its industrial journey than Tesla, we do not see this company as just a ‘concept stock’ either. The road to ramping production will be choppy, but we expect largely due to supply rather than demand,\" said Jonas in a new research note to clients.Jonas has a $147 price target on Rivian.Shares are down some 48% year-to-date to $53.94, swept up into the vicious interest rate fear driven rout in highly valued companies not earning any money. The company went public at a price of $78 a share on Nov. 15, 2021. It hit a closing high of $172 on Nov. 16.Not helping market sentiment on Rivian is a mixed quarter out of Tesla on Wednesday night, a few weeks removed from its own earnings report.Tesla shares plunged 12% to $829 on Thursday's session as Tesla said its business would be weighed down by supply chain challenges, mostly as it relates to semiconductor shortages. 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Additionally, we do not foresee profitability until mid-decade at the earliest,\" CFRA auto analyst Garrett Nelson said in a note.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9099550692,"gmtCreate":1643387149745,"gmtModify":1676533815329,"author":{"id":"3556009150724705","authorId":"3556009150724705","name":"AzriTan","avatar":"https://static.itradeup.com/news/0cd0f245ac901c9a4590d4456d8fa63a","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"3556009150724705","authorIdStr":"3556009150724705"},"htmlText":"Buy both?","listText":"Buy both?","text":"Buy both?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099550692","repostId":1171854285,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099241800,"gmtCreate":1643375399888,"gmtModify":1676533812812,"author":{"id":"4095252946433820","authorId":"4095252946433820","name":"Jason_LSE","avatar":"https://static.tigerbbs.com/60e2530d54f2a0d278bad7b3284cdef5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4095252946433820","authorIdStr":"4095252946433820"},"htmlText":"More competition in the&nbsp;EV industry will be good for general consumers.&nbsp;","listText":"More competition in the&nbsp;EV industry will be good for general consumers.&nbsp;","text":"More competition in the EV industry will be good for general consumers.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099241800","repostId":1171854285,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099240968,"gmtCreate":1643374658969,"gmtModify":1676533812728,"author":{"id":"3580955744929134","authorId":"3580955744929134","name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"3580955744929134","authorIdStr":"3580955744929134"},"htmlText":"Sit tight with cash..&nbsp;","listText":"Sit tight with cash..&nbsp;","text":"Sit tight with cash..","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099240968","repostId":1171854285,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9099221273,"gmtCreate":1643371176072,"gmtModify":1676533812170,"author":{"id":"4099981318949650","authorId":"4099981318949650","name":"jtvcak","avatar":"https://community-static.tradeup.com/news/7acfb7435979e34ef62125a6c64155d1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4099981318949650","authorIdStr":"4099981318949650"},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099221273","repostId":1171854285,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171854285"}