Analysts Reaffirm Buy on Rivian (RIVN) After Uber Deal

3 days ago 4

Sheryar Siddiq

Tue, March 31, 2026 astatine 3:46 AM CDT 1 min read

Rivian Automotive, Inc. (NASDAQ:RIVN) ranks among the stocks that could 10x implicit the adjacent 10 years. Following the announcement of a practice with Uber Technologies Inc., Stifel reaffirmed its Buy standing and $20 terms people for Rivian Automotive, Inc. (NASDAQ:RIVN) connected March 19. The concern volition effect successful the deployment of arsenic galore arsenic 50,000 afloat autonomous R2 vehicles, with a starter rollout of astir 10,000 vehicles starting successful 2028 and the enactment to bargain up to 40,000 much R2s opening successful 2030.

The institution plans to rotation retired thousands of unmanned R2 robotaxis successful astir 25 cities crossed the US, Canada, and Europe astir 2031. In that vein, Uber intends to put up to $1.25 billion, with astir $300 cardinal already allocated.

According to expert Stephen Gengaro, the collaboration offers “a meaningful affirmative for Rivian’s autonomous capabilities and the enlargement of its R2 platform.”

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electrical vehicles and accessories. Its operations are divided into the pursuing segments: Automotive, Software, and Services.

While we admit the imaginable of RIVN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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