UBS Raises its Price Target on Rivian Automotive (RIVN)

On July 9, 2026, UBS expert Joseph Spak raised the firm's terms people connected Rivian Automotive, Inc. (NASDAQ:RIVN) to $17 from $16 and kept a Neutral standing connected the shares.

On July 8, Rivian Automotive, Inc. (NASDAQ:RIVN) priced its 75M stock secondary offering astatine $15.50. Goldman Sachs, Allen & Co., Barclays, JPMorgan, Morgan Stanley, and Wells Fargo acted arsenic associated book-running managers for the offering.

Image by Varun Kulkarni from Pixabay

On July 7, Rivian said successful an 8-K filing that it expects full consolidated revenues to summation for the 3 months ended June 30, 2026, compared with the 3 months ended June 30, 2025. The institution cited higher conveyance deliveries, partially offset by little mean selling prices from a higher premix of commercialized vans. Rivian besides pointed to increases successful conveyance electrical architecture and bundle improvement services and revenues related to regulatory credits.

Rivian Automotive, Inc. (NASDAQ:RIVN) develops, manufactures, and sells category-defining electrical vehicles.

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