Rivian Forecast For 3 Years

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Rivian Forecast For 3 Years

Rivian (Rivn) Forecast For Next 3 Years

The Rivian Automotive stock has gone through a lot in the last few years. The firm started in 2021, and since then, it has lost 90% of its market value.

That's why we compare Rivian with Lucid Group and Tesla; it starts to look very cheap and affordable. Despite this, Rivian is all set to achieve its best sales growth in the next few years.

Rivian To Launch New Cars

Does this mean the Rivian stock is a good option to buy or its best to wait-and-see? That's what we explore today!

Traditional valuation indicators show that things aren't looking good for Rivian. The share price of Rivian is much lower than that of Lucid Group and other industry peers. Also, the growth forecast for the next year is not looking good.

However, the charts don't really show the real picture of Rivian. In fact, the next 3 years could lead to something exciting for Rivian.

The company's sales are near $5 billion and most of it comes from R1S and R1T models. These cars cost $70K - $100K, which is not cheap at all.

In the coming years, Rivian is planning to launch three new car models. The best part is that these cars will be under $50K which will make Rivian a great competitor in the EV space.

That's why analysts believe that the revenue growth of Rivian will jump from just 5% to 39% in 2026. Rivian has a fair chance of becoming as well-known in three years as Tesla is now.

So, for those who are looking to buy-and-hold stocks, Rivian is a good option without any doubt. To scale these car launches, Rivian will probably need to raise additional money, and production schedule delays might push growth out farther than the market can handle, requiring significant shareholder dilution.

The bottom line is that Rivian is available at a discount, and the future looks very bright for this EV car maker.

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