Rivian stock (RIVN) ticks up as Wolfe downgrade warns of bigger cash burn
NEW YORK, Jan 12, 2026, 12:27 (EST) — Regular session Rivian Automotive (RIVN.O) shares rose about 0.5% to $19.31 on Monday, paring an early dip, after Wolfe Research cut its rating to Underperform and set a $16 price target. Wolfe said free cash flow — cash left after spending on operations and investment — could run around $4 billion or more in 2026 and projected a $2.1 billion EBITDA loss, a common measure of operating performance. (Investing.com) Investors have been betting that Rivian’s push into software and driver-assistance can widen the story beyond truck and SUV sales. The downgrade is