Movement Alert｜Rivian Automotive, Inc. Rises 5.1% in Regular Trading, Q2 Results Beat Expectations as Multiple Banks Raise Price Targets

Market Focus08-08

On August 8, Rivian Automotive, Inc. rose 5.1% in regular trading, trading around $16.17 per share, with turnover of $134 million.

The rally was driven by continued positive momentum following a strong Q2 earnings report and a wave of analyst upgrades. Rivian reported Q2 revenue of $1.66 billion, significantly above the consensus estimate of $1.52 billion, while EPS of -$0.63 beat the expected -$0.74 loss. Revenue grew 27% year-over-year with gross profit turning positive. The company raised its full-year delivery target to 65,000-70,000 vehicles from a prior range of 62,000-67,000, and narrowed adjusted EBITDA loss guidance to $1.8-2.0 billion. Capital expenditure was also reduced to $1.7-1.8 billion.

Following earnings, RBC raised its target price to $16, Deutsche Bank adjusted to $24 maintaining a Buy rating, and Piper Sandler upgraded the stock to Overweight with a $20 target, citing the company's vertical integration advantage in next-generation product development. The R2 SUV began deliveries in June, marking a key product expansion milestone.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 5.1% in Regular Trading, Q2 Results Beat Expectations as Multiple Banks Raise Price Targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-08 00:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 8, Rivian Automotive, Inc. rose 5.1% in regular trading, trading around $16.17 per share, with turnover of $134 million.</p><p>The rally was driven by continued positive momentum following a strong Q2 earnings report and a wave of analyst upgrades. Rivian reported Q2 revenue of $1.66 billion, significantly above the consensus estimate of $1.52 billion, while EPS of -$0.63 beat the expected -$0.74 loss. 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