Bernstein Maintains Underperform on Rivian, $6.10 Price Target
- Rating
- Sell
- Price target
- $6.10
- Implied downside
- -47%
- vs $11.47 prior close
Bernstein SocGen Group analyst Daniel Roeska reiterated an Underperform rating and $6.10 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“We continue to value Rivian at 1x on its 2030e Sales in 2030. With slightly higher revenues from price tailwinds, but also higher net debt we still arrive at a $6.10 target price.
Rivian’s stock has outperformed global automotive OEMs since the tariff announcement, but we see significant risks to the company’s balance sheet building. Maintain Underperform with a fresh catalyst.”
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Tracking this call
Since this note+25% RIVN $11.47 → $14.33 (Oct 9) · moving away from the target
This call✗ Not reached within 12 months: a year after the note RIVN closed at $15.99, 162% above the $6.10 target, and it moved the other way.
Firm track recordBernstein: 63% of its 8 targets at least a year old were reached within 12 months (#17 of 20 firms); on Rivian, 0 of 2. Accuracy ranking →
