TD Cowen Raises Rivian Price Target to $14
- Rating
- Hold
- Price target
- $14
- from $12.70
- Implied upside
- +4%
- vs $13.50 prior close
TD Cowen analyst Itay Michaeli raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $14 (from $12.70) while maintaining a Hold rating.
“Encouraging Q1 Margin Progress, Mixed 2025 Guidance; Rivian delivered an encouraging Q1 beat led by gross margin upside, with the company achieving a positive auto gross margin ex. D&A/SBC.
2025 guidance was mixed with deliveries revised lower but EBITDA range confirmed despite lower volume & tariffs. Guidance seems conservative.
We remain fundamentally constructive but continue to look for a clearer NT catalyst path. Raising tgt to $14 from $12.70.”
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Tracking this call
Since this note+6% RIVN $13.50 → $14.33 (Oct 9) · target reached
Firm track recordTD Cowen: 71% of its 7 targets at least a year old were reached within 12 months (#9 of 14 firms). Accuracy ranking →
