Wall Street sets Rivian stock price for the next 12 months

Despite several key advancements on the technology and business side, Rivian (NASDAQ: RIVN ) has not been enjoying strong stock market performance in 2026, and this dichotomy is, arguably, evident in the two November 2 analyst notes covering the equity. To begin with, UBS’ Joseph Spak upgraded his RIVN shares rating from ‘Neutral’ to ‘Buy’ on Monday morning, while estimating the electric vehicle (EV) maker can rally 39.80% from its latest closing price of $12.16 to $17 in the coming 12 months. The Wall Street analyst highlighted the strong initial demand for the R2 SUV as a likely generator of tailwinds for the firm and estimated the latest selloff could prove a lucrative buying opportunity.

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