Baird Turns Bullish on Rivian as R2 Launch Nears
Baird upgrades Rivian stock to Outperform, raises its price target to $25, and highlights the R2 launch and autonomy progress as key growth drivers.
Baird upgrades Rivian stock to Outperform, raises its price target to $25, and highlights the R2 launch and autonomy progress as key growth drivers.
Rivian shares surge to nearly 2-year high as analysts praise custom autonomous driving chip and affordable AI features, positioning company as potential #2 EV player in North America.
Rivian has built its own AI chip, RAP1, to replace Nvidia tech and boost future self-driving features. The chip improves performance, lowers costs, and will debut in the R2 SUV.
Morgan Stanley downgrades Rivian to Underweight, keeping a $12 price target. The firm expects the EV slowdown to continue through 2026 while showing more confidence in traditional engines and hybrids.
Citigroup doubled its Rivian stake to 8.54M shares ($125M value) in Q3 2025, reaching a four-year record.
Rivian Automotive reported better-than-expected Q3 2025 results, cutting per-vehicle costs and boosting revenue by 78% as it gears up for its new midsize R2 SUV launch in 2026.