TD Cowen Raises Rivian Price Target to $17 on Encouraging 2026 Guide
TD Cowen increased Rivian’s price target to $17 from $13 while maintaining a Hold rating after reporting an encouraging outcome despite recent sentiment weakness. The firm said 2026 guidance aligns with consensus and exceeds earlier fears over EV market headwinds and potential R1 model cannibalization.
1. Analyst Raises Price Target
TD Cowen analyst Itay Michaeli raised Rivian’s price target to $17 from $13 and maintained a Hold rating, citing an encouraging performance even as broader market sentiment toward EV makers softened.
2. 2026 Guidance Exceeds Expectations
The firm noted that Rivian’s 2026 outlook matches consensus estimates and exceeds prior fears regarding EV market headwinds and R1 model cannibalization, indicating confidence in the company’s medium-term production and sales trajectory.
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