Baird Maintains an Outperform Rating on Rivian Automotive, Inc. (RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) is among the Goldman Sachs EV and Battery Stocks.

On February 13, 2026, Baird decreased Rivian Automotive, Inc. (NASDAQ:RIVN)’s price objective to $23 from $25 while maintaining an Outperform rating. The firm modified its model after reviewing fourth-quarter results and altering its outlook to reflect consensus expectations.

On the same day, TD Cowen analyst Itay Michaeli boosted Rivian Automotive, Inc. (NASDAQ:RIVN)’s price objective from $13 to $17 and retained a Hold rating. The analyst noted favorable results despite recent obstacles, with the 2026 forecast meeting expectations and relieving concerns about EV demand and R1 cannibalization.

Separately, on February 12, 2026, the company announced $120 million in fourth-quarter consolidated gross profit and $144 million for the entire year of 2025. The firm showed a year-over-year improvement of more than $1.3 billion. R2 deliveries are expected in the second quarter of 2026. RJ Scaringe, CEO of Rivian Automotive, Inc. (NASDAQ:RIVN), underlined that 2025 focused on performance while setting the groundwork for operational scale.

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. It operates in the following categories: automotive, 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.

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Disclosure: None.