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BTCC / BTCC Square / Global Cryptocurrency /
Rivian Stock Surges to 52-Week High on Analyst Upgrade and R2 Platform Optimism

Rivian Stock Surges to 52-Week High on Analyst Upgrade and R2 Platform Optimism

Author:
Global Cryptocurrency
Published:
2025-12-19 10:55:02
20
2
BTCCSquare news:

Rivian Automotive's shares soared 15% to close at $20.28, marking a 52-week high, after Baird analyst Ben Kallo upgraded the stock to Buy from Hold. Kallo raised his price target to $25 from $14, citing Optimism around the upcoming R2 platform launch in mid-2026. The more affordable R2 SUV is expected to enhance brand recognition and drive demand.

At its first Autonomy & AI Day event, Rivian revealed progress toward fully autonomous vehicles, including the development of an in-house AI chip. Despite the bullish outlook, only 30% of analysts rate Rivian as Buy, compared to 55% for S&P 500 stocks, with an average price target of $16.

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