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Rivian’s Stock Surge and What’s Next | Raleigh News
Rivian’s stock just got a major boost as Piper Sandler upgraded its rating to “overweight” and raised its price target—right before earnings. The move comes on the heels of strong Q2 delivery numbers (over 12K vehicles, beating projections) and a smoother-than-expected launch of the affordable R2 SUV. With renewed EV interest, solid fundraising, and a long-term bet on autonomous driving—including a deal with Uber for robotaxis starting in 2028—Rivian’s path to profitability looks clearer. But the road ahead still demands flawless R2 production, tighter cash management, and real progress on…
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