Mizuho Raises Rivian Price Target to $13
- Rating
- Hold
- Target
- $13
- from $11 (+18%)
- Outcome
- Reached
- on February 21, 2025
What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $13 (from $11) while maintaining a Neutral rating.
“RIVN reported good 4Q24 results with better profitability and deliveries, which tracked ~14.2K units (up ~2% y/y).
We note: 1) 4Q24 marked first quarter of positive GM at ~10% driven by regulatory credit tailwinds; 2) 2025E full-year deliveries were guided to ~48.5K (down 6% y/y), below consensus ~54.9K; 3) RIVN is opening RCV sales to all buyers (Link) as management noted they see 2025E AMZN (covered by James Lee, Outperform $285PT) EDV deliveries down y/y; 4) the company plans to open 30 new service locations in 2025E (71 currently) as it expands its footprint; and 5) the R2 remains on track to enter production in 1H26E at Normal, IL.
We forecast 2026E deliveries tracking ~74.5K units, below cons. of ~94K deliveries though above S&P Global Mobility’s outlook for ~56K units produced, as we see challenges to near-term EV volumes.
Maintain Neutral, adjusting estimates and to $13 (prior: $11).”
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Where the price stands
RIVN trades at $13.96. The 11 analysts who set a target in the last 3 months range from $14 to $23, with a median of $20. This $13 target is 35% below the median, the lowest on the Street.
Since the note RIVN has moved +3% (from $13.61). The 12-month window closed on February 21, 2026.
Track record
This call✓ Target reached on February 21, 2025, 0 days after the note.
Firm track recordMizuho: 96% of its 27 targets at least a year old were reached within 12 months (#2 of 20 firms); on Rivian, 5 of 6. Accuracy ranking →
Mizuho on Rivian
Mizuho price targets on Rivian
8 calls from February 21, 2025 to September 23, 2025. The target went from $13 to $14 (+8%). The rating stayed Hold.
- September 23, 2025Target raised from $12 (+17%)Hold$14
- August 6, 2025Target cut from $13 (−8%)Hold$12
- June 27, 2025Kept the $13 targetHold$13
- May 16, 2025Target raised from $11 (+18%)Hold$13
- May 7, 2025Target raised from $10 (+10%)Hold$11
- April 10, 2025Target cut from $11 (−9%)Hold$10
- March 16, 2025Target cut from $13 (−15%)Hold$11
- February 21, 2025 This noteEarliest call shownHold$13
