• Rivian Automotive stock is charging ahead with explosive momentum. Why is RIVN stock surging?On Tuesday, Morgan Stanley analyst Andrew Percoco maintained Rivian with an Underweight rating and raised the price target from $12 to $13. On July 9, UBS analyst Joseph Spak reiterated Rivian with a Neutral and raised the price target from $16 to $17. On July 8, BNP Paribas analyst James Picariello maintained Rivian with an Outperform and raised the price target from $22 to $24.Rivian outperformed several legacy automakers in the second quarter as its deliveries beat internal guidance and the company raised its full-year outlook.Rivian Beats Its Own TargetRivian produced 12,613 vehicles and delivered 12,194 units in the second quarter of 2026, topping its internal delivery guidance of 9,000 to 11,000 vehicles. The company benefited from steady commercial van demand, sequential growth in its R1 platform and the rollout of R2 deliveries.Rivian Stands Out Against RivalsRivian also raised its full-year 2026 delivery outlook to 65,000 to 70,000 vehicles, signaling confidence in demand through the rest of the year.Technical AnalysisRivian is trading above all its major moving averages, which keeps the intermediate trend pointed up: it’s 8.3% above the 20-day SMA ($16.78) and about 14%–15% above the 50-day ($15.81), 100-day ($15.76), and 200-day ($15.91) SMAs. That said, the longer-term backdrop still carries some baggage because the 50-day SMA remains below the 200-day SMA after the death cross in May.Earnings OutlookLooking further out, the next major catalyst for the stock arrives with the July 30 (confirmed) earnings report.