0853 ET - Rivian Automotive shares jumped Friday after the electric-vehicle startup logged a smaller-than-expected 4Q loss, but Davidson analysts say in a research note that investors may have gotten too excited about the readout. They note that the company's R1 outlook was below their expectations, and that the R2 launch comes with significant risks. "To make its current outlook, Rivian will have to deliver the best mid-size EV launch since 2021--without the benefit of tax credits or a mass-channel dealer network," they write. "A lot has to go right for Rivian to make its numbers this year." Davidson downgrades Rivian to underperform from neutral and lowers its price target to $14 from $15. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 17, 2026 08:54 ET (13:54 GMT)
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