Rivian Automotive, Inc. (NASDAQ: RIVN) is highlighted as one of the AI stocks in focus for investors. Benchmark analyst Mickey Legg reiterated a Buy rating on the stock with a $18.00 price target after an investor call with the company’s VP of Finance, Derek Mulvey.

The firm is optimistic about Rivian’s growth trajectory, operational execution, and ability to scale production for the R2 launch. Analysts believe Rivian has the potential to scale profitably and deserves a premium valuation multiple compared to peers in the electric vehicle market.

Rivian Automotive, Inc. (NASDAQ: RIVN) is a leading automaker specializing in electric vehicles, software, and services. While RIVN presents investment potential, certain AI stocks are seen as offering greater upside potential with less downside risk.

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Read more at Yahoo Finance: Rivian (RIVN) Stock Backed by $18 Target After Investor Call