Rivian Stock Has Another 25% Upside, According to 1 Wall Street Analyst

Core Viewpoint - Rivian Automotive's stock has surged approximately 36.5% in the last month, with analysts predicting further gains as the company prepares for significant capital influx and production of its new R2 vehicle platform [1][2]. Financial Position - Rivian ended Q3 with around $6 billion in cash and cash equivalents, and is set to receive up to $5.8 billion in investments from Volkswagen over the next three years [4]. - The U.S. Department of Energy plans to provide a conditional loan of up to $6.6 billion to assist Rivian in constructing a second manufacturing plant in the U.S. [4]. Analyst Insights - Benchmark analyst Michael Legg initiated coverage on Rivian with a "buy" rating and set a price target of $18, indicating a potential 25% gain from the current closing price [3]. - Legg believes the capital influx will enable Rivian to achieve profitability, positioning the company to capture significant market share in the growing electric vehicle sector over the next decade [5].