Rivian ripe for the picking after last week's plunge: 5 big analyst picks
Investing.com -- Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: an Outperform initiation at AutoZone, and upgrades at Oracle,) to Buy from Neutral, although with a slightly lower price target of $24 , as reported in real time onThe analysts say they see an"improved set-up" for the stock after a 20% plunge from last week on a $1.5 billion green convertible note issue.
The analysts expect that growth to be driven by the rebound of their commercial"do-it-for-me" business; stable +1-2% comparable-store sales for its"do-it-yourself" business; a lift from accelerating international openings; and the ongoing expansion of their so-called mega hubs The analysts also believe the stock's 36% slide from its July peak is a compelling entry point, and that there could be upside to even their own EBITDA estimates of $518 million in 2025E.
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