JJefferies RRivian · RIVN
Jefferies Raises Rivian’s Price Target to $15, Keeps Hold Rating
Rating
Hold
Price target
$15
Previous
$14
Implied upside
+0%
Jefferies analyst Owen Paterson raised the price target on Rivian to $15.00 (from $14.00) while maintaining a Hold rating.
“Q4 delivered further “on-time” and “on-budget” progress towards the launch of R2.
Liquidity remains more than comfortable to fund capex and construction of the Georgia facility, but leverage may soon become a challenge as net liquidity turns -ve by YE (JEFe $2.3bn).
Market conditions (growth, pricing, CC days) do not support a Tesla-like de-leveraging.
We cut estimates on slower volume but stay HOLD with $15 PT, given options available and operating progress”
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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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