11:40 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain a 12-month target of $20, comparable to the EV peer average. We increase our 2026 adjusted EPS estimate to -$2.40 from -$2.50, but leave 2027 unchanged at -$1.95. RIVN posted Q1 vehicle deliveries of 10,365 units (+20% Y/Y) and production of 10,236 units. RIVN's totals were well ahead of our respective sales and production estimates of 8,500 and 9,500 units, and the 9,678 consensus sales forecast. RIVN also reaffirmed its 2026 deliveries guidance of 62K-67K units, the midpoint of which implies impressive Y/Y growth of 53%. We raise our opinion to Buy, now viewing the stock's risk/reward as favorable, and we believe investor sentiment could shift in a higher oil price environment (and potentially, a shifting political environment) after a very difficult stretch of equity performance. We think RIVN is in a much more favorable situation relative to EV manufacturer peers due to its Volkswagen (VOW3 GR 87 ***) software and services partnership (29% of total revenue in 2025) and positive net cash balance.