Rivian stock gets shocking upgrade as Iran fears raise the stakes
Rivian stock upgraded amid positive product launch outlook
Rivian Automotive's stock received a notable upgrade from TD Cowen, which raised its rating to buy and increased the price target to $20, citing the upcoming R2 platform as a key growth driver. With first customer deliveries expected in the second quarter of 2026 and a shift towards a more affordable vehicle segment, Rivian aims to expand its market presence beyond its premium offerings, positioning itself for a potential increase in demand and vehicle deliveries.
Key Takeaways
- 1.
TD Cowen upgraded Rivian to buy and raised the price target to $20.
- 2.
Rivian expects to deliver 62,000 to 67,000 vehicles in 2026.
- 3.
The R2 platform is set to launch with a starting price of $45,000.
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