Stifel Raises Rivian’s Price Target to $20
- Rating
- Buy
- Unchanged
- Target
- $20
- from $17 (+18%)
- Outcome
- Reached
- on July 6, 2026
What the analyst said
Stifel analyst Stephen Gengaro raised on February 17, 2026, the price target on Rivian to $20 (from $17) while maintaining a ‘Buy’ rating on the stock.
“We believe RIVN’s 4Q25 print and outlook are positive and underscore company’s strong progress on several fronts.
This includes improving margins, very positive pre-production reviews on the all-important R2, and higher-than-anticipated 2026 delivery guidance of 62,000 – 67,000 units versus our 52,000 pre-release forecast driven by a strong 2H ramp in R2.
We believe the keys to the RIVN story over the next 12 months includes:
- R2 sales,
- data points that support expectations for Auto margins to rise as R2 ramps, and
- the continued growth in the high-margin Software & Services segment.
We are reiterating our Buy and bumping our target price to $20 from $17.”
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Where the price stands
RIVN trades at $13.61. The 11 analysts who set a target in the last 3 months range from $10 to $23, with a median of $18. This $20 target is 11% above the median.
Since the note RIVN has moved −23% (from $17.73). 12-month window: day 264 of 365, closes on February 17, 2027.
Track record
This call✓ Target reached on July 6, 2026, 5 months after the note.
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms); on Rivian, 4 of 4. Accuracy ranking →
Stifel on Rivian
Stifel price targets on Rivian
8 calls from February 25, 2025 to July 9, 2026. The target went from $16 to $22 (+38%). The rating stayed Buy.
- July 9, 2026Target raised from $20 (+10%)Buy$22
- March 19, 2026Kept the $20 targetBuy$20
- February 17, 2026 This noteTarget raised from $17 (+18%)Buy$20
- November 17, 2025Target raised from $16 (+6%)Buy$17
- August 8, 2025Target cut from $18 (−11%)Buy$16
- May 12, 2025Target raised from $16 (+13%)Buy$18
- May 7, 2025Kept the $16 targetBuy$16
- February 25, 2025Earliest call shownBuy$16
