Should You Buy Rivian While It's Below $20?
Over the past 12 months, Rivian (NASDAQ: RIVN) shares have been stuck under $20. That's a far cry from their all-time high of around $130. If you've been looking for a growth stock with significant upside potential, this could be your chance. However, there are two things in particular that you should know about before jumping in.
It's not hard to see how Rivian shares could have immense upside. Shares of the EV maker trade at just 3.2 times sales, while other EV makers trade between 10 and 14 times sales. There could be 200% to 300% in upside alone if its valuation were to reflect those already achieved by competitors like and Lucid Group.
What's holding Rivian back? Two things in particular.
Source Fool.com
Tesla Inc Stock
€310.70
4.970%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 39 Sell predictions.
As a result the target price of 409 € shows a positive potential of 31.64% compared to the current price of 310.7 € for Tesla Inc.
