Rivian Gains After TD Cowen Upgrades to Buy on R2 Growth Outlook
TL;DR
Rivian (RIVN) jumped ~7% after TD Cowen upgraded to Buy, arguing the next US EV demand upcycle may arrive sooner than expected, driven by the upcoming R2 SUV (launching H1 2026 at about $45k) which could lift annual U.S. deliveries well above current estimates and lift 2027 projections; the move comes as Rivian has fallen ~20% YTD, offering an attractive entry, though the broader consensus remains Hold with limited upside.
- Why Is Rivian Stock (RIVN) Up Today and What Could Come Next TipRanks
- Rivian’s Future Rides on April’s R2 Launch Yahoo Finance
- Rivian is a buy ahead of R2 electric vehicle launch, says TD Cowen CNBC
- Rivian’s stock is a buy ahead of a major EV launch, analyst says MarketWatch
- TechCrunch Mobility: Rivian’s R2 gambit TechCrunch
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