UBS Upgrades Rivian to Buy With a $17 Target, Citing R2 Demand and Margins
UBS analyst Joseph Spak upgraded Rivian to Buy on Nov. 2 and set a $17 price target, which implies about 40% upside. He cited demand for the R2 and Rivian's margin outlook. Jefferies upgraded the stock last week.
By the Tesla News Wire staff · Edited by Seamus McKenna · · 2 min read
UBS has turned bullish on Rivian. CNBC and Investing.com report that analyst Joseph Spak upgraded the stock to Buy with a $17 price target.
The case
R2 demand: Spak points to demand for the smaller, cheaper R2.
Margins: UBS sees the margin outlook improving.
Cash: Rivian has about $13 billion in capital, and UBS doesn't think it needs to raise more before 2029.
Catalysts: an Autonomy day in December and an Autonomy+ launch in early 2027.
Context
The $17 target implies about 40% upside. Rivian shares had fallen about 20% over the previous three months. Jefferies upgraded the stock last week, and CNBC says 16 of the 28 analysts tracked by LSEG now rate it Buy.
This is a summary of analyst views, not investment advice.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
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