Baird Maintains Outperform on Rivian, $23 Price Target
- Rating
- Outperform
- Unchanged
- Target
- $23
- Unchanged
- Upside
- +69%
- RIVN at $13.61 today
What the analyst said
Baird analyst Ben Kallo reiterated an Outperform rating and $23 price target on Rivian Automotive Inc (NASDAQ: RIVN).
“Positive outlook unchanged following showroom visit and IR catch-up. We hosted investors for a visit to one of RIVN’s Bay Area showrooms and a meeting with Chip Newcom, VP of IR.
The R2 was at the center of our meeting (literally) and early indications from customers, investors, and media outlets have been positive.
Key topics from our meeting included R2 demand, autonomous development milestones, and RIVN’s core partnerships. Our estimates, price target, and positive outlook are unchanged following the visit.”
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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 $23 target is 28% above the median, the highest on the Street.
Since the note RIVN has moved −15% (from $16.00). 12-month window: day 57 of 365, closes on September 10, 2027.
Track record
This callOpen: RIVN has not reached $23 yet. This 12-month target is scored on September 10, 2027.
Firm track recordBaird: 90% of its 31 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 June 25, 2025 to October 5, 2026. The target went from $14 to $23 (+64%). The rating moved from Hold to Buy.
- October 5, 2026Kept the $23 targetBuy$23
- September 10, 2026 This noteKept the $23 targetBuy$23
- August 4, 2026Kept the $23 targetBuy$23
- July 6, 2026Kept the $23 targetBuy$23
- April 6, 2026Kept the $23 targetBuy$23
- February 13, 2026Target cut from $25 (−8%)Buy$23
- December 18, 2025Upgraded to Buy, target raised from $14 (+79%)Buy$25
- June 25, 2025Earliest call shownHold$14
