Electric Vehicles 29 July 2026 - 11 August 2026

Shares of Rivian Automotive, Inc. hovered around $16.22 on Tuesday following Needham’s reaffirmation of its Buy recommendation and $23 price target. The outlook suggests potential upside of 41.8%, while the company continues to balance profitable software operations against losses in its vehicle segment.

Rivian Automotive's stock rebounded last week, but the more challenging phase lies ahead.

U.S. stock markets did not open on Sunday. Trading hours will return to normal on Monday at 9:30 a.m. EDT. Rivian dropped 3.9% in the previous week, and the Nasdaq Composite rose 1.6%.

NEW YORK, July 31, 2026, 10:13 a.m. EDT — Shares of Rivian dropped as the company’s second-quarter performance drew support from software sales and regulatory credits.