Cantor Fitzgerald raised the firm’s price target on Rivian to $19 from $18 and keeps a Neutral rating on the shares. Rivian (RIVN) reaffirmed its FY26 delivery and financial guidance while highlighting R2 production ramp as the key near-term catalyst, supported by improving liquidity, strategic partnerships with Uber (UBER) and Volkswagen (VWAGY), and expanded manufacturing capacity, though near-term sentiment remains neutral pending clearer autonomy monetization visibility despite a differentiated product and ecosystem strategy, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Rivian Stock (RIVN) Dips 5% Despite Q1 Beat — What Spooked Investors?
- Closing Bell Movers: Apple higher after stronger than expected guidance
- Rivian Raises Capital via Volkswagen Equity Investment Deal
- Rivian files automatic mixed securities shelf
- Why Rivian Stock (RIVN) Slipped Today and Why One Investor Warns It’s Overvalued