Bullish
Stifel maintains 'Buy' rating for Rivian (RIVN) after strong Q2 results
Stifel has reiterated its 'Buy' rating and $22.00 price target for Rivian Automotive Inc. (NASDAQ: RIVN) following the company's strong second-quarter 2026 financial performance. The firm highlighted a 27.2% year-over-year revenue increase, improved gross profit margins, and the successful launch of the R2 model.
Key points
- Rivian's Q2 2026 revenue increased by 27.2% year-over-year, driven by regulatory credits and software and services.
- The company achieved a gross profit of $179 million, with a gross profit margin of 7.5% over the last twelve months.
- External deliveries of the R2 model began on June 9, with Launch Edition order conversions exceeding expectations.
- Rivian raised its 2026 delivery guidance and adjusted EBITDA, while reducing capital expenditures.
Sources
AI-generated from public news sources. Not financial advice.
