Morgan Stanley Cuts Rivian’s Price Target to $12

Morgan Stanley analyst Adam Jonas lowered on August 12, 2025, the price target on Rivian to $12 (from $13) while maintaining an ‘Equalweight’ rating on the stock.

“We believe Rivian can play a role in AI-enabled autonomy, but remain cautious on the ‘steering-wheel-having’ R2 into a tough demand backdrop for EVs and capital requirements to participate in the robotization of autos.

The VW relationship reduces stock volatility but potentially the opportunity.”

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