Stifel Reiterates Buy on Rivian, $16 Price Target
- Rating
- Buy
- Price target
- $16
- Implied upside
- +19%
- vs $13.50 prior close
Stifel analyst Stephen Gengaro reiterated a Buy rating and $16 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“RIVN’s 1Q25 print and outlook are a mixed bag, although we believe the underlying story is intact.
Positives include: 1) Another quarter of substantial reduction in COGS per unit YoY; 2) Gross profit positive for the second consecutive quarter with gross profit per vehicle beating our forecast; 3) Reiterated expectations to deliver a modest gross profit positive for full-year 2025, despite line shutdowns prepping for R2; and 4) Reaffirmed its adjusted EBITDA outlook against a difficult backdrop.
Negatives include: 1) Full-year 2025 deliveries guidance down ~11% at the midpoint to 40,000 – 46,000 units; and 2) Capital expenditures forecast increased 12% at the midpoint, driven by the expected impact from tariffs.
Overall, we view the print and outlook as about neutral for the shares near-term, and supportive of our positive longer-term view for RIVN.”
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Tracking this call
Since this note+6% RIVN $13.50 → $14.33 (Oct 9) · 33% of the way to the target
This call✓ Target reached on May 19, 2025, 12 days 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 →
