Prediction: Rivian Stock Is a Buy Before Aug. 5
Rivian Automotive (NASDAQ: RIVN) investors have been very happy over the past month. The valuation of this electric car stock has surged by roughly 40%. Looking under the hood, however, it's easy to project significantly more growth to come. There are three major reasons investors should consider buying Rivian shares before the company's next earnings call, which is expected to occur sometime around Aug. 5. Rivian has been experiencing a period of sluggish sales growth in recent years. Its R1T model was released back in 2021, with the R1S variant launched the following year. Sales grew significantly after their launch, but with price tags that can approach $100,000 depending on options, the total addressable market for these vehicles was always rather small. Rivian's flatlining sales growth in recent years suggests the company has reached a level of market saturation with the only two vehicles in its lineup.Continue reading
Rivian Automotive (NASDAQ: RIVN) investors have been very happy over the past month. The valuation of this electric car stock has surged by roughly 40%. Looking under the hood, however, it's easy to project significantly more growth to come. There are three major reasons investors should consider buying Rivian shares before the company's next earnings call, which is expected to occur sometime around Aug. 5.
Rivian has been experiencing a period of sluggish sales growth in recent years. Its R1T model was released back in 2021, with the R1S variant launched the following year. Sales grew significantly after their launch, but with price tags that can approach $100,000 depending on options, the total addressable market for these vehicles was always rather small. Rivian's flatlining sales growth in recent years suggests the company has reached a level of market saturation with the only two vehicles in its lineup.
