TD Cowen upgrades Rivian Automotive to 'Buy' with $20 price target, citing strong demand potential of 212,000-335,000 units annually for the upcoming mass-market R2 SUV priced at $45,000, significantly exceeding 2027 market consensus as the catalyst for U.S. EV market recovery.
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TD Cowen Upgrades Rivian to 'Buy' - 'R2 to Lead EV Market Revival'

TD Cowen upgrades Rivian Automotive to 'Buy' with $20 price target, citing strong demand potential of 212,000-335,000 units annually for the upcoming mass-market R2 SUV priced at $45,000, significantly exceeding 2027 market consensus as the catalyst for U.S. EV market recovery.

Yonhap Infomax

Rivian restructures, cutting workforce ahead of the R2 SUV release. πŸš—πŸ’¨ This strategic move aims to boost efficiency for the launch of their affordable EV. Can R2 save Rivian?

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