Rivian (RIVN) Stock Jumps 3% as UBS Calls Selloff a Buying Opportunity

TLDR Rivian (RIVN) stock rose 3% in pre-open trading Monday to $12.55 after UBS upgraded it from Neutral to Buy. UBS set a $17 price target and called the 19% drop over the past month a buying opportunity. Q3 revenue rose 38% to $2.155 billion, and the R2 is already Rivian’s best-selling vehicle by volume. Jefferies also upgraded the stock to Buy with a $17 target, and Evercore ISI reiterated Outperform at $18. Rivian ended the quarter with more than $5.5 billion in cash and raised its 2026 delivery guidance. Rivian (RIVN) stock rose 3% in pre-open trading Monday to $12.55. UBS upgraded the EV maker from Neutral to Buy. Rivian Automotive, Inc., RIVN UBS analyst Joseph Spak set a price target of $17.

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