Where Will Rivian Stock Be in 3 Years?

When it launched its initial public offering (IPO) in 2021, Rivian Automotive (RIVN 0.31%) was one of the most valuable automakers in the world. With a stock price of $78, its market capitalization of over $100 billion dwarfed established brands like Ford Motor and General Motors. But now that shares have fallen back down to Earth ($20 at the time of writing), fundamentals-focused investors can start shopping for a good entry point. While Rivian faces some near-term macroeconomic challenges in the competiti ...