Needham Turns More Bullish on Rivian (RIVN), Citing AI Strategy and R2 Launch

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the Trending AI Stocks on Wall Street. On December 12, Needham raised its price target on the stock to $23.00 from $14.00 while maintaining a “Buy” rating. The price target raise follows the company’s AI & Autonomy Day, with analysts citing vertical integration and R2 launch expectations strengthening long-term conviction. Analyst Chris Pierce sees clearer signs of progress across Rivian’s tech roadmap. He believes that the EV maker has visible catalysts in ...