GraniteShares Unleashes 2x Lucid And Rivian ETFs, But Are DRIV And IDRV The Smarter EV Plays?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
0mins
Source: Benzinga
GraniteShares Launches New ETFs: GraniteShares has introduced two single-stock exchange-traded funds (ETFs) for Lucid Group (LCID) and Rivian Automotive (RIVN), designed to double the daily returns of these stocks, targeting tactical traders rather than long-term investors.
Market Position of Lucid and Rivian: Lucid focuses on luxury electric vehicles with in-house battery technology, while Rivian targets rugged electric trucks and delivery vans; both companies have faced market volatility, making them appealing for short-term trading strategies.
Analyst Views on BYD
Wall Street analysts forecast BYD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BYD is 93.10 USD with a low forecast of 85.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 85.160
Low
85.00
Averages
93.10
High
110.00
Current: 85.160
Low
85.00
Averages
93.10
High
110.00
About BYD
Boyd Gaming Corporation is a gaming company. It operates over 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of three properties: California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in nine states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming operations through collaborative arrangements with third parties throughout the United States and the operations of Boyd Interactive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
