Fool.com contributor Parkev Tatevosian determines whether Rivian (RIVN 6.47%) stock is a buy at its current valuation.
*Stock prices used were the afternoon prices of May 7, 2024. The video was published on May 9, 2024.
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Should You Buy Rivian Stock Today?
By Parkev Tatevosian, CFA
–
May 10, 2024 at 11:00AM
NASDAQ: RIVN
Rivian Automotive
Market Cap
$11B
Today's Change
(6.47%) $0.65
Current Price
$10.70
Price as of May 22, 2024, 4:00 p.m. ET
Rivian reiterated its goal of becoming gross-profit-margin-positive in Q4 this year.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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