Overview
- Rivian shares traded about 2% lower Tuesday near $21 after touching fresh 52-week highs in recent sessions.
- The company’s Autonomy & AI Day detailed a custom 5nm Rivian Autonomy Processor and a third‑generation autonomy computer slated to reach R2 models at the end of 2026.
- Rivian outlined an Autonomy+ paid service targeted for early 2026, broader hands‑free driving features, a new AI software architecture, and an AI‑powered Rivian Assistant.
- Recent calls include Wedbush raising its target to $25 with an Outperform, Baird upgrading to Outperform with a $25 target, Needham lifting its target to $23 with a Buy, and Goldman moving to $16 with a Neutral.
- Barchart data show a Hold consensus with a mean target near $16, while voices like Jim Cramer highlight potential funding needs despite improving fundamentals noted by several brokers.