11 Best Growth Stocks to Invest in According to Billionaires

9. Rivian Automotive, Inc. (NASDAQ:RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the best growth stocks to invest in according to billionaires.

On March 10, 2026, TD Cowen analyst Itay Michaeli upgraded Rivian Automotive, Inc. (NASDAQ:RIVN) to Buy from Hold and raised their price target to $20 from $17. Public reporting on the note said the upgrade was tied mainly to the expected launch of Rivian’s lower-priced R2 platform, which TD Cowen sees as a potentially important volume driver relative to the company’s current higher-priced R1 vehicles. Reported estimates tied to the note put potential long-run annual demand for the R2 at roughly 212,000 to 335,000 units.

That context is relevant because Rivian has already been laying out the R2 as its next major product step. On March 12, the company disclosed the R2 lineup and pricing, including a launch variant starting at $57,990, with additional trims to follow and an entry configuration expected at $45,000.

Rivian’s recent operating results also help explain why the R2 matters. The company delivered 42,247 vehicles in 2025, and in its February 12, 2026, full-year results release, it reported $144 million in consolidated gross profit for 2025, compared with a gross loss of $1.2 billion in 2024. Rivian also guided for 62,000 to 67,000 vehicle deliveries in 2026.

Rivian Automotive, Inc. (NASDAQ:RIVN) designs and manufactures electric vehicles and related software and services. Its current consumer lineup includes the R1T pickup and R1S SUV, while the R2 is positioned as a smaller, more affordable model aimed at broadening the company’s addressable market.