UBS Raises its Price Target on Rivian Automotive (RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.

On July 9, 2026, UBS analyst Joseph Spak raised the firm’s price target on Rivian Automotive, Inc. (NASDAQ:RIVN) to $17 from $16 and kept a Neutral rating on the shares.

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

UBS Raises its Price Target on Rivian Automotive (RIVN)

Image by Varun Kulkarni from Pixabay

On July 7, Rivian said in an 8-K filing that it expects total consolidated revenues to increase for the three months ended June 30, 2026, compared with the three months ended June 30, 2025. The company cited higher vehicle deliveries, partially offset by lower average selling prices from a higher mix of commercial vans. Rivian also pointed to increases in vehicle electrical architecture and software development services and revenues related to regulatory credits.

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

While we acknowledge the risk and potential of RIVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIVN and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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