Can Rivian Stock Recover To $50 In 2023?


  • I am of the view that Rivian’s actual 2023 financial performance should exceed the market’s expectations, taking into account key metrics and relevant company disclosures.
  • My price target of $25.10 implies that RIVN’s shares could potentially go up by +32% this year.
  • I upgrade my rating for Rivian to a Buy considering its upside potential, even though I don’t expect the stock to recover to the $50 mark in 2023.
Ford To Sell 8 Million Shares Of Electric Vehicle Maker Rivian Stock

Justin Sullivan

Elevator Pitch

My investment rating for Rivian Automotive, Inc.’s (NASDAQ:RIVN) shares is a Buy.

With my prior September 20, 2022 article for RIVN, I wrote about the new joint venture between Rivian and Mercedes-Benz Group AG (OTCPK:MBGAF) (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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