Wedbush Lifts Rivian (RIVN) Price Target Ahead of R2 Launch

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the AI Stocks Making Waves on Wall Street. On December 19, Wedbush reiterated the stock as “Outperform” and raised its price target to $25.00 (from $16.00).

The firm is optimistic on Rivian ahead of the R2 launch in 1H26, autonomy progress, and cost discipline despite tariff headwinds.

“We are raising our price target of RIVN from $16 to $25 while maintaining our OUTPERFORM rating as 2026 represents a significant year for the company with the launch of R2 in 1H26 expected to drive improving delivery metrics...”

Besides improving delivery metrics, the R2 launch will also likely improve Rivian’s autonomy roadmap to tap in alternative revenue sources while managing its cost structure.

The firm’s analysis factors in the company’s requirement to navigate tariff risks while sustaining investments.

Rivian Automotive, Inc. (NASDAQ:RIVN) is an automaker that creates and manufactures electric vehicles, as well as software and services.

While we acknowledge the potential of RIVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Trending AI Stocks on Wall Street and 10 AI Stocks on the Market’s Radar

Disclosure: None.