On July 27, 2026, the long-troubled electric vehicle (EV) company Rivian (NASDAQ: RIVN) appears to have been rewarded for its continued efforts to expand manufacturing, pursue technological innovation, and enter the ‘Model 3 Era’ by increased Wall Street optimism.

Specifically, Piper Sandler upgraded its view of RIVN  stock with an ‘Overweight’ – ‘Buy’ – rating and a 12-month price target increase from $18 to $20, effectively forecasting the EV shares will be changing hands 26.26% above their latest close by mid-2027.

According to the Wall Street experts, the optimism is rooted in the recent stronger demand for electric cars, the smooth launch of the R2 SUV – a part of the so-called ‘Model 3 Era’ –…