Baird Rivian · RIVN

Baird Reiterates Neutral on Rivian, $14 Price Target

June 25, 2025 Analyst: Ben Kallo 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$14
Unchanged
Outcome
Reached
on July 22, 2025
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What the analyst said

Baird analyst Ben Kallo reiterated a Neutral rating and $14 price target on Rivian Automotive Inc (NASDAQ: RIVN).

“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.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

RIVN trades at $13.96. The 11 analysts who set a target in the last 3 months range from $14 to $23, with a median of $20. This $14 target is 30% below the median, the lowest on the Street.

Since the note RIVN has moved +1% (from $13.81). The 12-month window closed on June 25, 2026.

Track record

This call✓ Target reached on July 22, 2025, 27 days after the note.

Firm track recordBaird: 93% of its 15 targets at least a year old were reached within 12 months (#4 of 20 firms); on Rivian, 2 of 2. Accuracy ranking →

Baird on Rivian

Baird price targets on Rivian

8 calls from April 15, 2025 to September 10, 2026. The target went from $14 to $23 (+64%). The rating moved from Hold to Buy.

Baird targetRIVN share price
  1. September 10, 2026Kept the $23 targetBuy$23
  2. August 4, 2026Kept the $23 targetBuy$23
  3. July 6, 2026Kept the $23 targetBuy$23
  4. April 6, 2026Kept the $23 targetBuy$23
  5. February 13, 2026Target cut from $25 (−8%)Buy$23
  6. December 18, 2025Upgraded to Buy, target raised from $14 (+79%)Buy$25
  7. June 25, 2025 This noteKept the $14 targetHold$14
  8. April 15, 2025Earliest call shownHold$14
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Other analysts on Rivian

Yorkville IvesBuy Initiated coverage · Oct 7 $20 CantorHold Kept rating and price target · Oct 2 $19maintained CantorHold Kept rating and price target · Sep 28 $19maintained CitiHold Initiated coverage · Sep 14 $18 StifelBuy Kept rating and price target · Aug 24 $22maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.