Stock Market Today, Feb. 17: Rivian Drops as Analysts Lift Price Targets but R2 Launch Risks Weigh

Core Insights - Rivian Automotive's stock closed at $16.47, down 7.11%, despite several Wall Street firms raising their price targets and ratings [1][4] - The trading volume was 55.4 million shares, which is approximately 43% higher than the three-month average of 38.7 million shares [2] - Rivian's stock has decreased by 84% since its IPO in 2021 [2] Company Performance - Following Rivian's earnings report, Stifel Nicolaus, Deutsche Bank, and Cantor Fitzgerald raised their price targets to $20, $23, and $18 respectively [4] - The company reported a positive gross profit in Q4 and anticipates that 2026 will be its first full year of positive gross profit, with the R2 model being crucial for achieving this goal [5] Market Context - The S&P 500 and Nasdaq Composite saw slight increases of 0.10% and 0.14% respectively, while other EV companies like Tesla and Lucid Group experienced declines [3] - Rivian's recent stock surge of approximately 27% followed its Q4 earnings beat and updates on the R2 SUV launch, highlighting the importance of the R2 for the company's future success [4][5]