Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $19.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst commented, "In our model, we update our 2Q26 vehicle delivery estimate to reflect the company's announcement, which results in an increase to our 2Q26 revenue to ~$1,592.4M (from prior ~$1,320.2M). We also increase our FY26 vehicle delivery estimate to 67,511 (from prior 65,000) to reflect the company's updated guidance, resulting in an increase to our FY26 revenue to ~$7,341M (from prior ~$7,149.0M)."

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Shares of Rivian Automotive Inc closed at $16.48 yesterday.