BBenchmark RRivian · RIVN
Benchmark Reiterates Buy Rating on Rivian
Rating
Buy
Price target
$18
Previous
—
Implied upside
+20%
Benchmark analyst Mickey Legg reiterated on February 11, 2026, a ‘Buy’ rating and $18 price target on Rivian.
“We expect 4Q revenue of $1.27B with consensus at $1.26B and we expect EPS of $(0.61) with consensus at $(0.71) (FactSet).
RIVN delivered 42,247 vehicles in 2025, in-line with guidance and our model.
Focus is on guidance for adj. EBITDA loss of $1.7–1.9B, capex of $1.6–1.7B, and a commitment to modest full-year gross profit.
We believe liquidity remains solid with $7B cash and >$10B incremental capital, supported by VW JV funding and DOE loan access. Maintain Buy & $18 Price Target.
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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.
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