Stifel Raises Rivian Price Target to $22

Stifel analyst Stephen Gengaro raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $22 (from $20) while maintaining a Buy rating.

“We are updating our model to reflect RIVN’s strong 2Q26 deliveries and preliminary revenue expectations, as well as its 75 million share equity offering.

We believe the rollout of the R2 is a critical milestone for RIVN and should drive sharply higher volumes going forward. We maintain our Buy rating with a $22 target price.”

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