Stifel Reiterates Buy for Rivian After EBITDA Loss Beats Forecast
Stifel reiterated a Buy rating and a $22 price target for Rivian after results beat its EBITDA loss forecasts. Revenue rose 27.2% year on year, with gains tied to regulatory credits and software/services. Adjusted EBITDA loss narrowed to $379M. Rivian pulled a second shift forward, raised 2026 delivery guidance, and updated adjusted EBITDA guidance to a $1.80B–$2.00B loss range.