Piper Sandler Lowers Rivian’s PT, Maintains ‘Neutral’ Rating

Piper Sandler analyst Alexander Potter lowered on August 6, 2025, the price target on Rivian to $14 (from $15) while maintaining a ‘Neutral’ rating on the stock.

“RIVN is still one of our favorite companies, but we’re unsurprised by today’s after-hours weakness.

The stock is trading lower by -4.6% after the company posted Q2 results.

RIVN remains one of the few vertically-integrated automakers that, in our view, might one day walk in Tesla’s footsteps. In this context, as a long-term (1+ year) investment, we prefer RIVN over any “old school” automaker.

However, the EV demand outlook is even cloudier than normal, and due to policy changes, RIVN can no longer rely on selling regulatory credits at 100% margin.

These factors, coupled with a lack of near-term product launches, prompted RIVN to cut guidance.

Eventually we think these headwinds will abate, but in the meantime, we’re staying Neutral.”

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