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UBS lifts Rivian price target to $17, keeps Neutral rating
UBS’s update comes after Rivian priced a 75 million share secondary offering at $15.50 and said it expects revenue growth for the quarter ended June 30, 2026.
UBS raised its price target on Rivian Automotive to $17 from $16 while keeping a Neutral rating on the shares, according to Yahoo Finance.
The adjustment follows Rivian’s July 8 pricing of a 75 million share secondary offering at $15.50, with Goldman Sachs, Allen & Co., Barclays, JPMorgan, Morgan Stanley, and Wells Fargo serving as joint book-running managers, Yahoo Finance reported.
Rivian also said in a July 7 8-K filing that it expects total consolidated revenues for the three months ended June 30, 2026, to increase versus the prior year period, citing higher vehicle deliveries.
The company noted the rise could be partially offset by lower average selling prices due to a higher mix of commercial vans, and it pointed to additional growth drivers from vehicle electrical architecture and software development services, as well as revenues tied to regulatory credits.