2026년 2월 14일 · Unknown · financial · 출처 Yahoo Finance
Investing.com -- Rivian received mixed assessments from major banks on Friday, with Deutsche Bank upgrading the electric-vehicle maker while UBS shifted to a more neutral stance.
Deutsche Bank analyst Edison Yu lifted the stock to Buy from Hold, raising the price target to $23 from $16, arguing that Rivian is showing “early signs that the company’s prospects are inflecting.”
Yu told clients in a note that the 2026 outlook “appears de-risked” as volume expectations look reasonable and vehicle costs continue to improve ahead of an R2 launch “on track for 2Q.”
He added that rivals are “retreating or slow-walking their EV transitions,” while Tesla has discontinued higher-end models, supporting Rivian’s competitive position.
The upgrade also reflected Yu’s view that Rivian’s longer-term ambition to build a vertically integrated autonomy stack could “help create a moat,” particularly if Volkswagen deepens its involvement.
He pointed to a financial buffer from an additional $2 billion from Volkswagen this year and backing from the Department of Energy loan, giving Rivian a “mid-term capital safety net.” Deutsche Bank noted stronger-than-expected fourth-quarter results, calling the risk-reward “attractive.”
UBS analyst Joseph Spak, however, took a more balanced view, upgrading Rivian only to Neutral from Sell.
Spak said the investment case hinges on Rivian becoming “a larger, and ultimately profitable, company,” but warned that while 2026 guidance “is better than we feared,” it embeds both upside and risk.
He added that UBS sees “limited positive revisions in the near term,” citing cash burn, execution challenges for the R2 ramp and ongoing volatility driven by sentiment.
UBS set a $16 price target, saying the current level “better balanced the risk/reward.”
Related articles
Rivian: Buy or Hold? Deutsche Bank turns bullish, UBS cautious
Nvidia's new Alpamayo project: What it means for Tesla?
Morgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgets
View Comments