DA Davidson Lowers Rivian’s Price Target to $13

DA Davidson analyst Michael Shilsky lowered the price target on Rivian to $13 (from $15) while maintaining a ‘Neutral’ rating on the stock.

“We are maintaining our NEUTRAL rating on RIVN, with a new price target of $13 (from $15) following 2Q:25 earnings.

The company noted a lot of progress on R2, autonomy and other medium-to-long-term initiatives.

At the same time, RIVN is currently facing a skittish consumer, an expected loss of regulatory-credit income, and continued profitability challenges.

This includes tariffs, which will have “a couple thousand” dollar impact on per-vehicle profit in 2H:25.

In our view, RIVN’s risks and opportunities appear balanced–we would wait for better visibility before jumping in on this stock.”

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