Baird Rivian · RIVN

Baird Reiterates Outperform Rating on Rivian

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$23
Unchanged
Upside
+73%
RIVN at $13.29 today
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What the analyst said

Baird analyst Ben Kallo reiterated an Outperform rating and $23.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

Disclaimer
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.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

RIVN trades at $13.29. The 11 analysts who set a target in the last 3 months range from $10 to $23, with a median of $18. This $23 target is 28% above the median, the highest on the Street.

Since the note RIVN has moved −14% (from $15.40). 12-month window: day 213 of 365, closes on April 6, 2027.

Track record

This callOpen: RIVN has not reached $23 yet. This 12-month target is scored on February 13, 2027. Same target as this firm’s February 13, 2026 note, so it is scored there.

Firm track recordBaird: 90% of its 30 targets at least a year old were reached within 12 months (#1 of 26 firms); on Rivian, 2 of 2. Accuracy ranking →

Baird on Rivian

Baird price targets on Rivian

8 calls from April 15, 2025 to September 10, 2026. The target went from $14 to $23 (+64%). The rating moved from Hold to Buy.

Baird targetRIVN share price
  1. September 10, 2026Kept the $23 targetBuy$23
  2. August 4, 2026Kept the $23 targetBuy$23
  3. July 6, 2026Kept the $23 targetBuy$23
  4. April 6, 2026 This noteKept the $23 targetBuy$23
  5. February 13, 2026Target cut from $25 (−8%)Buy$23
  6. December 18, 2025Upgraded to Buy, target raised from $14 (+79%)Buy$25
  7. June 25, 2025Kept the $14 targetHold$14
  8. April 15, 2025Earliest call shownHold$14
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Other analysts on Rivian

UBSBuy Upgraded Nov 2 $17 Morgan StanleySell Cut price target −7%, kept rating Oct 30 $13from $14 MizuhoSell Cut price target −23%, kept rating Oct 30 $10from $13 CantorHold Cut price target −16%, kept rating Oct 30 $16from $19 EvercoreBuy Kept rating and price target Oct 30 $18maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.