Rivian Automotive Stock Surges on Upbeat Delivery Forecast

Core Viewpoint - Rivian Automotive Inc's stock surged 26% to $17.64 following strong fourth-quarter results and an optimistic delivery forecast for 2026, expecting deliveries between 62,000 to 67,000 units, representing a 47% to 59% increase from 2025 [1] Group 1: Stock Performance - The stock is on track for its largest single-day percentage gain ever and reached its highest level since mid-January [3] - Rivian is poised to surpass the 20-day moving average and is aiming for its best week since December, with a 38% lead over the past six months [3] Group 2: Analyst Upgrades - Deutsche Bank upgraded Rivian to "buy" from "hold" and raised its price target to $23 from $16, with three other analysts also issuing bullish notes [2] - Currently, 17 out of 19 firms covering Rivian rated the stock as "hold" or worse, indicating potential for further upgrades [2] Group 3: Market Activity - Short interest in Rivian accounts for 17.9% of the stock's available float, suggesting that it could start to unwind [2] - Options volume is significantly high, running at five times the intraday average, with 231,000 calls and 107,000 puts exchanged [3]