1045 ET - Rivian surges in early trading on a better-than-expected 4Q, and Benchmark says the results reinforce a "path to profitability" ahead of the R2 launch. Analyst Mickey Legg says in a note that "2026 guidance positions RIVN for a clear transition year, with R2 volume ramping in the back half, software growing at attractive margins, and auto gross profit expected to turn positive exiting the year." Legg adds that the 4Q performance, combined with solid liquidity and visibility of funding from Volkswagen, helps clear a path to scale "and supports a more durable earnings inflection beginning in 2027." Legg raises his price target to $25 from $18. Rivian jumps 20% to $16.86. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 10:45 ET (15:45 GMT)
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