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Rivian price target raised to $22 from $21 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Rivian (RIVN) to $22 from $21 and keeps a Buy rating on the shares. The firm updated its model after meeting with management. Rivian’s 2026 trajectory is poised to be truly inflectional, with the R2 platform serving as the core growth catalyst and the accelerated deployment of advanced autonomous-driving features acting as a powerful force multiplier.

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