
Shares of Rivian Automotive RIVN.O rise nearly 3.4% to $12.92 in premarket
Co surpassed third-quarter revenue expectations on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry
TD Cowen maintains a "hold" stance, sees an improving risk/reward profile ahead of co's Autonomous Vehicle/AI event on December 11 and next year's R2 launch
While significant execution risks exist in the coming 12 months and 2026 consensus estimates are by no means "safe," we think near-term risk/reward is starting to skew more favorably into next month's Autonomy/AI Day - TD Cowen
Average rating of 29 analysts is "hold"; median PT $14 - data compiled by LSEG
As of last close, co is down nearly 6% YTD