|Bid||33.02 x 3200|
|Ask||32.91 x 3000|
|Day's Range||31.65 - 34.13|
|52 Week Range||19.25 - 179.47|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 11, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||53.13|
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Truist Securities Equity Research Analyst Jordan Levy joins Yahoo Finance Live to discuss the outlook for Rivian stock.
Life for the car manufacturers is becoming tougher as the economic slowdown worsens. Demand for cars is likely to sharply slow as consumers delay buying a new vehicles. "This is in keeping with our macroeconomic board's reduced forecast for 2.5% global GDP growth this year and 2.1% in 2023 ... on the back of substantial inflation, and higher interest rates meant to tame it," Moody's explained.
In this video, I will be talking about Rivian (NASDAQ: RIVN) and whether it has the potential to 10x, as well as looking at some recent comments by analysts following the company. I'll compare it to the likes of Tesla and Ford to better understand what the company could realistically achieve over time.