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Morgan Stanley analyst Adam Jonas: "Tesla rival Rivian's stock could skyrocket at least 160%, says top analyst"

Zoidz

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stickyfingers

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I think a big part of this is Morgan Stanley doing damage control for themselves, since they managed setting the IPO price.
Love how analysts that managed the IPO come out with analysis such as this. But I do see upside in the stock as they start delivering vehicles to consumers. Nothing will change until that happens.
 

Craigins

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Scoiatael

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The whole tech sector took a beating, and companies like Tesla and Rivian are considered part of that. The stock will recover to 100 level by summer as long as Rivian actually starts making non employee deliveries in mass. I don't think we'll see it get to it's ATH around 170 unless Rivian makes big strides this year.
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