Why TD Cowen Turned Bullish on Rivian Automotive (RIVN) Ahead of the R2 Launch

Rivian Automotive, Inc. (NASDAQ:RIVN) is 1 of the best maturation stocks to put successful according to billionaires.

On March 10, 2026, TD Cowen expert Itay Michaeli upgraded Rivian Automotive, Inc. (NASDAQ:RIVN) to Buy from Hold and raised their terms people to $20 from $17. Public reporting connected the enactment said the upgrade was tied chiefly to the expected motorboat of Rivian’s lower-priced R2 platform, which TD Cowen sees arsenic a perchance important measurement operator comparative to the company’s existent higher-priced R1 vehicles. Reported estimates tied to the enactment enactment imaginable long-run yearly request for the R2 astatine astir 212,000 to 335,000 units.

That discourse is applicable due to the fact that Rivian has already been laying retired the R2 arsenic its adjacent large merchandise step. On March 12, the institution disclosed the R2 lineup and pricing, including a motorboat variant starting astatine $57,990, with further trims to travel and an introduction configuration expected astatine $45,000.

A Riivan vehicle. Photo from Rivian website

Rivian’s caller operating results besides assistance explicate wherefore the R2 matters. The institution delivered 42,247 vehicles successful 2025, and successful its February 12, 2026, full-year results release, it reported $144 cardinal successful consolidated gross nett for 2025, compared with a gross nonaccomplishment of $1.2 cardinal successful 2024. Rivian besides guided for 62,000 to 67,000 conveyance deliveries successful 2026.

Rivian Automotive, Inc. (NASDAQ:RIVN) designs and manufactures electrical vehicles and related bundle and services. Its existent user lineup includes the R1T pickup and R1S SUV, portion the R2 is positioned arsenic a smaller, much affordable exemplary aimed astatine broadening the company’s addressable market.

While we admit the imaginable of RIVN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years

Disclosure: None. Follow Insider Monkey connected Google News.