Jefferies Analyst Bullish on Rivian Stock with a 30% Upside Potential
Thursday, 7 March 2024, 20:30
Jefferies Analyst Optimistic on Rivian Stock
Rivian's new EV model and strategic moves detailed by Jefferies analyst Philippe Houchois highlight potential upside for investors. However, challenges in production and profitability await.
Key Points:
- R2 Platform Announcement: The introduction of the new R2 platform is seen as crucial for Rivian's future success.
- Cost Reduction Strategies: Houchois emphasizes the importance of achieving lower production costs for sustained profitability.
- Long-Term Outlook: While positive on the stock, the analyst warns that profitability may not be achieved until 2027.
Investors intrigued by Houchois' bullish stance should be prepared for a long-term investment approach with Rivian.
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