Stock Market Today, Feb. 17: Rivian Drops as Analysts Lift Price Targets but R2 Launch Risks Weigh
2026-02-17 17:34:55 ET
Rivian Automotive (NASDAQ:RIVN) , electric vehicle (EV) manufacturer producing pickup trucks, SUVs, and delivery vans, closed Tuesday at $16.47, down 7.11%. The stock slipped during the regular session despite multiple Wall Street firms lifting price targets and ratings, and investors are watching R2 launch execution and 2026 delivery growth expectations next.
Trading volume reached 55.4 million shares, coming in about 43% above compared with its three-month average of 38.7 million shares. Rivian Automotive IPO'd in 2021 and has fallen 84% since going public.
The S&P 500 (SNPINDEX:^GSPC) edged up 0.10% to finish Tuesday at 6,843, while the Nasdaq Composite (NASDAQINDEX:^IXIC) also added 0.14%, closing at 22,578. Within EV names, Tesla (NASDAQ:TSLA) closed at $410.63 (-1.63%) and Lucid Group (NASDAQ:LCID) finished at $9.92 (-3.5%), underscoring pressure across EV-focused peers.
Following Rivian’s earnings report last week, Stifel Nicolaus, Deutsche Bank (NYSE:DB) , and Cantor Fitzgerald all raised Rivian price targets to $20, $23, and $18, respectively.
NASDAQ: RIVN
RIVN Trading
-5.85% G/L:
$14.955 Last:
14,818,535 Volume:
$15.27 Open:
