Stifel Keeps Buy on Rivian, $16 Price Target
- Rating
- Buy
- Price target
- $16
- Implied upside
- +34%
- vs $11.96 prior close
Stifel analyst Stephen Gengaro reiterated a Buy rating and $16 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“While near-term headwinds persist, we believe RIVN is making solid progress toward several key milestones including delivering positive gross profit in 4Q24, pursuing positive gross profit target for 2025, reducing costs, and launching the critical R2.
We believe RIVN has sufficient liquidity to fund operations through the launch of R2 supported by its balance sheet, and with investments from Volkswagen and the DOE loan would have sufficient capital to fund the ramp of the midsize platform in Georgia.
Although there were positives and negatives in the 4Q24 release, we believe the longterm story is intact, and we are reiterating our Buy with a $16 target price based on our DCF.”
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Tracking this call
Since this note+20% RIVN $11.96 → $14.33 (Oct 9) · 59% of the way to the target
This call✓ Target reached on May 19, 2025, 3 months after the note.
Firm track recordStifel: 94% of its 16 targets at least a year old were reached within 12 months (#3 of 20 firms); on Rivian, 4 of 4. Accuracy ranking →
