Rivian stock (RIVN) ticks up as Wolfe downgrade warns of bigger cash burn
Rivian shares rose 0.5% to $19.31 midday after Wolfe Research downgraded the stock to Underperform with a $16 target, citing higher expected 2026 cash burn and a projected $2.1 billion EBITDA loss. Rivian delivered 42,247 vehicles in 2025, down 18% from 2024, and plans to launch the R2 SUV in early 2026. Investors await fourth-quarter results on Feb. 12.