DA Davidson Lifts Rivian’s Price Target to $15
D.A. Davidson Michael Shilsky has raised on May 12, 2025, Rivian’s price target to $15 (from $13), maintaining a ‘Neutral’ rating.
“We are maintaining our NEUTRAL rating on RIVN, with a new price target of $15 (from $13) following 1Q:25 earnings.
The quarter and discussion was something of a mixed bag, in our view.
RIVN qualified for and will receive $1B of funding from VW at the end of 2Q, following a second straight quarter of gross profit.
The R2 launch remains on-track as well.
That said, the company reduced its delivery forecast on the back of customer uncertainties (now down Y/Y), & tariffs are raising capex prices.
We continue to like RIVN’s products and the promise of R2, but still view the risk/reward as balanced.”
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