10 Stocks That Could 10X Over the Next 10 Years

8. Rivian Automotive, Inc. (NASDAQ:RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) ranks among the stocks that could 10x over the next 10 years. Following the announcement of a cooperation with Uber Technologies Inc., Stifel reaffirmed its Buy rating and $20 price target for Rivian Automotive, Inc. (NASDAQ:RIVN) on March 19. The partnership will result in the deployment of as many as 50,000 fully autonomous R2 vehicles, with a starter rollout of about 10,000 vehicles starting in 2028 and the option to buy up to 40,000 more R2s beginning in 2030.

The company plans to roll out thousands of unmanned R2 robotaxis in around 25 cities across the US, Canada, and Europe around 2031. In that vein, Uber intends to invest up to $1.25 billion, with around $300 million already allocated.

According to analyst Stephen Gengaro, the collaboration offers “a meaningful positive for Rivian’s autonomous capabilities and the expansion of its R2 platform.”

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. Its operations are divided into the following segments: Automotive, Software, and Services.