from24/7 Wall St.
1 week agoRivian's Future Rides on April's R2 Launch
TD Cowen's Itay Michaeli believes significant sales uptake for the R2 will far exceed what Wall Street is currently modeling, potentially unlocking profitability and sending shares higher. He forecasts full-scale U.S. demand for the model in the range of 212,000 to 335,000 units annually once production hits stride. That range sits well above consensus estimates and could drive meaningful upside to 2027 revenue and EBITDA forecasts.
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