Stifel Raises Rivian Price Target to $20, Citing R2 Ramp and Software Strength
Stifel reiterated a Buy on Rivian and increased its price target to $20 from $17 after the electric vehicle maker reported fourth-quarter results and issued 2026 guidance that exceeded the brokerage's expectations. The firm pointed to narrower automotive gross losses, stronger Software and Services profitability, early positive reviews of the R2, a…