Key Highlights
- The upgrade reflects the firm's growing optimism around product momentum and technological progress ahead of the R2 launch in 2026.
- “We are upgrading RIVN to Outperform as we move into 2026 which is the year of the R2 launch.” The firm anticipates the launch of the R2, an upcoming all-electric mid-size SUV by Rivian, to act as a “boost” for the company’s brand, product demand, and overall stock.
- The firm anticipates this boost as deliveries begin near mid-year.
- A fleet of autonomous vehicles driving down a sun-drenched highway.
- The company intends on building the R2 at its Normal, Illinois facility, with pricing estimated near $45000.