Wade Bush analyst Dan Ives raised his price target for Rivian by 56% to $25 in a report on Friday morning. The analyst wrote that 2026 will be the year for the automaker to “prove itself,” with the lower-cost R2 model scheduled to launch in the first half of the year.

Wade Bush analyst Dan Ives raised his price target for Rivian by 56% to $25 in a report on Friday morning. The analyst wrote that 2026 will be the year for the automaker to “prove itself,” with the lower-cost R2 model scheduled to launch in the first half of the year.