UBS Upgrades Rivian to Buy, Calls 19% Sell-Off a Buying Opportunity Ahead of R2 Ramp
UBS upgrades Rivian to Buy from Neutral with a $17 price target, citing valuation and a buying opportunity ahead of the R2 production ramp.
UBS upgrades Rivian to Buy from Neutral with a $17 price target, citing valuation and a buying opportunity ahead of the R2 production ramp.
Rivian reported a revenue beat and raised its 2026 delivery and profit outlook, with the new R2 already its top-selling vehicle by volume.
A Rivian commercial van in Walmart+ branding was spotted in Indiana. Neither company has confirmed the sighting or any potential deal.
Rivian delivered a record 19,248 vehicles in Q3 2026, topping estimates as the cheaper R2 SUV ramps up. Full-year guidance stays at 65,000–70,000.
Rivian reports stronger Q2 2026: $1.66B revenue, narrower losses. R2 debut and software segment fuel growth; full-year deliveries raised.
Piper Sandler upgrades Rivian to Overweight with a $20 target, citing smooth R2 launch, stronger demand, and a de-risked balance sheet.