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Barchart
Wajeeh Khan

As Wall Street Cheers for the New R2 Launch, Should You Buy Rivian Stock?

Rivian RIVN EV Morgan Stanley

Rivian Automotive (RIVN) shares are extending gains on Tuesday as investors brace for the highly anticipated launch of the R2 — a new, more affordable midsize SUV — on March 12. 

Wall Street analysts including TD Cowen’s Itay Michaeli and Morgan Stanley’s Andrew Percoco recommend buying RIVN ahead of the big event, saying the R2 rollout could prove transformational for the electric vehicle (EV) firm. 

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