Rivian Stock Is Going to $19 According to This Wall Street Analyst. Here's Why They May Be Right.

Key Points Rivian is attempting to scale production of its first affordable vehicle. Robotaxi exposure creates sizable long-term upside potential. 10 stocks we like better than Rivian Automotive › Analysts at Cantor Fitzgerald reiterated their "neutral" rating on Rivian (NASDAQ: RIVN) stock on Sept. 28. Curiously, however, the firm also reiterated its $19 price target, which implies more than 20% upside. In many ways, Cantor Fitzgerald's seemingly contradictory stance makes a lot of sense. Rivian does have plenty of growth potential. But there is also plenty of risk. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.