Cantor Rivian · RIVN

Cantor Fitzgerald Reiterates Neutral on Rivian, $15 Price Target

April 3, 2025 Analyst: Andres Sheppard 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$15
Unchanged
Outcome
Reached
on May 15, 2025
Cantor and Rivian logos

What the analyst said

Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $15 price target on Rivian Automotive Inc (NASDAQ: RIVN).

“On 4/2, RIVN pre-announced that it delivered 8,640 vehicles in 1Q25, slightly above our estimates/Visible Alpha Consensus of 8,113/8,217 vehicles, above company guidance of 8,000, (and below 13,588 in 1Q24).

Additionally, RIVN also pre-announced that it produced 14,611 vehicles in 1Q25, above our estimate of 13,750 vehicles, above company guidance of 14,000, (and above 13,980 in 1Q24).

2025 Outlook Reaffirmed. RIVN reaffirmed its FY25 vehicle delivery guidance of 46,000 – 51,000. Recall that in FY24, Rivian delivered 51,579 vehicles and produced 49,476.

Rivian also previously guided FY25 Adj. EBITDA of $(1,700M)-$(1,900M), and FY25 Capex of $1,600M – $1,700M.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

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 $15 target is 25% below the median.

Since the note RIVN has moved +12% (from $12.49). The 12-month window closed on April 3, 2026.

Track record

This call✓ Target reached on May 15, 2025, 3 months after the note. Same target as this firm’s February 21, 2025 note, so it is scored there.

Firm track recordCantor: 83% of its 24 targets at least a year old were reached within 12 months (#11 of 20 firms); on Rivian, 4 of 4. Accuracy ranking →

Cantor on Rivian

Cantor price targets on Rivian

8 calls from February 21, 2025 to July 14, 2025. The target stayed at $15. The rating stayed Hold.

Cantor targetRIVN share price
  1. July 14, 2025Kept the $15 targetHold$15
  2. July 7, 2025Kept the $15 targetHold$15
  3. May 12, 2025Rating only, no price targetHoldNo target
  4. May 7, 2025Kept the $15 targetHold$15
  5. May 5, 2025Kept the $15 targetHold$15
  6. April 7, 2025Rating only, no price targetHoldNo target
  7. April 3, 2025 This noteKept the $15 targetHold$15
  8. February 21, 2025Earliest call shownHold$15
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Other analysts on Rivian

Yorkville IvesBuy Initiated coverage · Oct 7 $20 BairdBuy Kept rating and price target · Oct 5 $23maintained CitiHold Initiated coverage · Sep 14 $18 BairdBuy Kept rating and price target · Sep 10 $23maintained StifelBuy Kept rating and price target · Aug 24 $22maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.