Rivian shares rise 7% as analysts lift 2026 delivery forecast to 62,500 units
Rivian shares jumped 6.8% on Wednesday after analysts at Morgan Stanley raised their 2026 delivery forecast by 25% to 62,500 units, citing stronger order momentum. Investors also cheered the company’s plan to ramp Georgia plant output to 12,000 vehicles monthly by midyear.
1. Stock Performance and Reaction
Rivian’s share price jumped 6.8% on the trading session following analyst upgrades, marking the largest one-day gain in three weeks. Trading volume surged 40% above its 30-day average as institutional investors added to positions.
2. Analyst Upgrades and Forecasts
Morgan Stanley analysts increased their 2026 delivery estimate by 25% from 50,000 to 62,500 units, attributing the revision to stronger reservation conversions. The upgrade included a price target raise to $55, up from $45, reflecting improved margin expectations.
3. Georgia Plant Ramp Plans
Management outlined plans to scale the Georgia manufacturing facility from 5,000 to 12,000 vehicles per month by midyear, investing $1.2 billion in new tooling and automation lines. The ramp is expected to reduce per-unit costs by 10% by Q4.
4. Investor Outlook
Investors view the higher delivery guidance and capacity expansion as key drivers for achieving positive EBITDA in fiscal 2026. Market watchers will monitor upcoming production milestones and any additional analyst revisions for further stock catalysts.