RIVN Surges Over 20% on Q4 Beat and Upcoming R2 SUV Launch

Rivian (RIVN) shares rose more than 20% on Friday following a Q4 revenue of $1.29B, exceeding estimates, and an adjusted loss of 54 cents per share, narrower than forecast. The company expects 62K–67K units this year, a more than 50% increase from 42,247 in 2025, with the R2 SUV targeted for second-quarter launch and additional details on March 12. Analysts at Wedbush maintain an “outperform” rating with a $25 price target, citing a “massive transformation” to scale R1 production and ramp R2 output. The stock closed up 24% at $17.30, though it is still down over 10% since the start of 2026.