Piper Sandler Rivian · RIVN

Piper Sandler Upgrades Rivian to Overweight, $20 Price Target

Analyst: Alexander Potter 1 min read Reproduced verbatim
Rating
Overweight
from Neutral
Target
$20
from $18 (+11%)
Upside
+64%
RIVN at $12.18 today

The median of 11 current targets on Rivian is $18. Piper Sandler has reached 79% of its year-old targets (38 scored).

Piper Sandler and Rivian logos

What the analyst said

Piper Sandler analyst Alexander Potter upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Neutral to Overweight with a price target of $20 (from $18).

“RIVN: a de-risked balance sheet, a smooth R2 ramp, and an improved demand outlook. Three things have changed, prompting us to increase our estimates and DCF based price target (PT) from $18 to $20. First, RIVN boosted delivery guidance, thanks in part to expensive gasoline and a renewed interest in EVs.

Second, Rivian has apparently avoided launch issues with the R2 SUV, a pivotal new product. Finally, a recent capital raise should fund growth while reducing dilution risk. As volume rises, Rivian should be better able to monetize software & services, a key benefit of vertical integration.”

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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.

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 $12.18. 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 $15.84). 12-month window: day 109 of 365, closes on July 27, 2027.

Track record

This callOpen: RIVN has not reached $20 yet. This 12-month target is scored on July 27, 2027.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#14 of 28 firms); on Rivian, 3 of 3. Accuracy ranking →

Piper Sandler on Rivian

Piper Sandler price targets on Rivian

6 calls from March 20, 2025 to July 27, 2026. The target went from $13 to $20 (+54%). The rating moved from Hold to Buy.

Piper Sandler targetRIVN share price
  1. July 27, 2026 This noteUpgraded to Buy, target raised from $18 (+11%)Buy$20
  2. February 13, 2026Target cut from $20 (−10%)Hold$18
  3. January 8, 2026Target raised from $14 (+43%)Hold$20
  4. August 6, 2025Target cut from $15 (−7%)Hold$14
  5. May 22, 2025Target raised from $13 (+15%)Hold$15
  6. March 20, 2025Earliest call shownHold$13
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Other analysts on Rivian

StifelBuy Kept rating and price targetReiterated Nov 12 $22maintained StifelBuy Kept rating and price targetReiterated Nov 9 $22maintained UBSBuy Upgraded Nov 2 $17 Morgan StanleySell Cut price target −7%, kept ratingCut target Oct 30 $13from $14−7% MizuhoSell Cut price target −23%, kept ratingCut target Oct 30 $10from $13−23%
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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.