Rivian Automotive, Inc. (RIVN) saw its stock price soar 5.10% during intraday trading on Monday, as the electric vehicle maker garnered positive attention from both operational updates and analyst actions.
The company raised its delivery guidance for 2026 and reported its second-quarter production figures, signaling stronger operational performance ahead.
Additionally, JPMorgan increased its price target on Rivian shares to $15 from $9, citing improving fundamentals, though the firm maintained an Underweight rating on the stock.