Wedbush Lifts Rivian (RIVN) Price Target Ahead of R2 Launch

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the AI Stocks Making Waves on Wall Street. On December 19, Wedbush reiterated the stock as “Outperform” and raised its price target to $25.00 (from $16.00). The firm is optimistic on Rivian ahead of the R2 launch in 1H26, autonomy progress, and cost discipline despite tariff headwinds. “We are raising our price target of RIVN from $16 to $25 while maintaining our OUTPERFORM rating as 2026 represents a significant year for the company with the launch of R2 i ...