Rivian (RIVN) Back in Focus After Analyst Upgrade Tied to R2 Launch Plans

Core Viewpoint - Rivian Automotive, Inc. has received an upgrade from Baird to "Outperform" with a new price target of $25, reflecting optimism about product momentum and technological advancements ahead of the R2 launch in 2026 [1] Group 1: Product Launch and Market Strategy - The R2, an all-electric mid-size SUV, is expected to enhance Rivian's brand and product demand, with deliveries anticipated to start around mid-year 2026 [1] - The R2 will be produced at Rivian's Normal, Illinois facility, with an estimated price of $45,000, which is expected to broaden the customer base and support higher delivery volumes over time [2] Group 2: Technological Developments - Rivian's recent Autonomy and AI day showcased custom chips and provided a detailed overview of its autonomous strategy, which is viewed positively for the company's long-term competitiveness [3]