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Rivian Stock Jumps 7.6% After UBS Upgrade to Buy
Why is Rivian stock up today?
Rivian (RIVN) stock rose 7.6% to $13.08 on Monday after UBS upgraded it to Buy with a $17 target, saying the recent selloff is a chance ahead of its R2 SUV ramp.
Key numbers
| Rivian close (Nov 2) | $13.08+7.57% |
|---|---|
| UBS price target | $17about 40% above Friday's close |
| Q3 revenue | $2.155B+38% YoY |
| Q3 deliveries | 19,248+46% YoY |
| 2026 delivery guidance | 67,000–70,000raised from 65,000–70,000 |
| CrowdStrike Deutsche Bank target | $300from $240 |
What happened
Rivian (RIVN) stock rose 7.6% to $13.08 on Monday after UBS upgraded it to Buy with a $17 target, saying the recent selloff is a chance ahead of its R2 SUV ramp. UBS analyst Joseph Spak said early demand for the R2 looks solid and expects Rivian's car business to start making a profit on each vehicle sold (positive gross margin) by year-end. Earlier in the day the stock was up only about 4% before gains widened. CrowdStrike (CRWD) also won a Deutsche Bank upgrade to Buy with a $300 target, rose about 3% before the market opened, but was down about 3% by mid-morning as cybersecurity shares fell.
Why it matters
Rivian is an electric-vehicle maker that is still losing money, including $913 million in the third quarter, and its shares had fallen about 20% in three months. The UBS call matters because it points to the new R2 SUV as the product that could turn the car business profitable. UBS also said Rivian should not need new money before 2029, which eases worries about running low on cash.
Who this affects
- MarketmixedLow impact
- EV shares got a lift while cybersecurity stocks slipped.
- CompanybullishMedium impact
- Rivian shareholders gain as analyst backing returns after a selloff.
- CompetitorsbullishLow impact
- Lucid rose 3.5% and Tesla edged higher in sympathy.
- IndustryneutralLow impact
- EV makers still face slower demand, but R2 draws attention.
Rivian vs Tesla, Lucid
How we got here
Rivian reports Q3 revenue of $2.155B and raises 2026 delivery guidance.
UBS upgrades Rivian to Buy from Neutral, keeps $17 target.
Deutsche Bank upgrades CrowdStrike to Buy, lifts target to $300 from $240.
Rivian closes at $13.08, up 7.57%, after a roughly 4% midday gain.
What to watch
- Whether Rivian's automotive gross profit turns positive by year-end, as UBS expects.Q4 2026
- R2 production ramp and new trim levels that could add to demand.Q4 2026
- Whether more analysts follow UBS; 7 of 28 covering Rivian rate it Hold.Q4 2026
Educational content only. Not investment advice.
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