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DON'T BUY
Allan Tong’s Discover Picks Rivian symbolizes this current round of EV speculation. Since it went public less than two weeks ago, RIVN stock has already soared to $179.47 and plunged to $111.78 as of this writing. Everybody wanted a piece of the next Tesla. To be fair, maybe Rivian will live up to that status one day. After all, Amazon and Ford own nearly a third of RIVN and have ordered around 100,000 e-vans from Rivian. And it's not just e-vans, but e-SUV's and pick-up trucks that Rivian will be pumping out. Don't write off Rivian, but don't dive into this free-for-all and lose your shirt. Read 4 Popular Headline Stocks for our full analysis.
Automotive
DON'T BUY
Shocking how quickly it exploded to a market cap beyond the traditional automaker space. Another example of speculative euphoria chasing hot ideas. Last year it was Zoom and Peleton. He's not interested. Great way to take the temperature of the market. Shows how speculative the market is.
Automotive
SELL ON STRENGTH
Does this EV rally have staying power or is this like 1999? Tesla is driving this rally and everyone wants to own the next Tesla. You're betting on the momentum of these nascent EV stocks, years away from turning a profit, like Lucid. Remember that online Amazon was one of the few tech stocks from 1999 that survived and thrived. Suppose Tesla will be on the only survivor? Will Rivian? Remember to take profits on these nascent EV stocks--remember, hogs get slaughtered (out of greed). Sell half.
Automotive
COMMENT
IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history.
Automotive
RISKY BUY
IPO's are flooding the market. There's so much garbage among them but occasionally there's an enticing one including this year, Rivian Autos, that'll go public on Wednesday. It makes e-trucks. It'll be the 6th or 7th largest IPO in history. They enjoy heavy backing from Amazon and Ford, owning 19% (and have ordered an impressive 100,000 e-vans), and 12% respectively. Ford plans to launch e-pick-up trucks and e-vans in 2021, which will directly compete with Rivian; this is interesting. Will Ford sell its stake in Rivian to build its own factory for batteries? Rivian is ramping up production in pick-up trucks, and e-SUVs are coming next month. Down the line is an e-delivery van, making 10 of them by end-2021. There are 55,400 retail orders for the pick-ups and SUVs, and will fill the current backlog by 2023. He predicts shares will soar as investors ignore the crazy valuation, just like they are with Tesla. However, he'd rather buy Ford in the e-car space.
Automotive
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Rivian Automotive(RIVN-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 4

Stockchase rating for Rivian Automotive is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Rivian Automotive(RIVN-Q) Frequently Asked Questions

What is Rivian Automotive stock symbol?

Rivian Automotive is a American stock, trading under the symbol RIVN-Q on the NASDAQ (RIVN). It is usually referred to as NASDAQ:RIVN or RIVN-Q

Is Rivian Automotive a buy or a sell?

In the last year, 4 stock analysts published opinions about RIVN-Q. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rivian Automotive.

Is Rivian Automotive a good investment or a top pick?

Rivian Automotive was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Rivian Automotive.

Why is Rivian Automotive stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Rivian Automotive worth watching?

4 stock analysts on Stockchase covered Rivian Automotive In the last year. It is a trending stock that is worth watching.

What is Rivian Automotive stock price?

On 2021-12-08, Rivian Automotive (RIVN-Q) stock closed at a price of $122.11.