Baird Reiterates Rivian’s $14 PT and ‘Neutral’ Rating

Baird analyst Ben Kallo reiterated on June 25, 2025, Rivian’s ‘Neutral’ rating, maintaining a price target of $14.

“We model deliveries of 9.9K vs. consensus 10.6K and expect production to exceed deliveries as RIVN prepares for roughly one month of factory downtime in 2H.

This downtime is associated with preparing the manufacturing lines for the R2, which remains on track for 1H26.

An Autonomy Day for investors in 2H is a potential catalyst and will likely shed additional details on the company’s development ambitions.

We expect details of the event will be given on or before RIVN’s Q2 report.”

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