Jefferies Rivian · RIVN

Jefferies Upgrades Rivian to Buy with $17 Price Target

Analyst: Owen Paterson 1 min read Reproduced verbatim
Rating
Buy
from Hold
Target
$17
Unchanged
Upside
+48%
RIVN at $11.45 today
Jefferies and Rivian logos

What the analyst said

Jefferies analyst Owen Paterson upgraded Rivian (NASDAQ: RIVN) from Hold to Buy with a price target of $17.

“We upgrade Rivian shares to Buy. Q3 accelerated towards +ve Auto gross margin.

Modest guidance upgrade continues a streak of +ve surprises in execution and capital discipline while we see funding mostly secured through the cash burn period. Small changes to estimates.

The recent ~30% correction creates a new entry point. Autonomy/AI event on 12/9 and VW ID1 launch in Q1 critical events to showcase progress on Point-to-Point and other potential EE/SDV deals”

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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 $11.45. The 7 analysts who set a target in the last 3 months range from $17 to $23, with a median of $19. This $17 target is 11% below the median, the lowest on the Street.

12-month window: day 0 of 365, closes on October 30, 2027.

Track record

This callOpen: a 12-month target, scored on October 30, 2027, a year after the note.

Firm track recordJefferies: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

Jefferies on Rivian

Jefferies price targets on Rivian

3 calls from March 3, 2026 to October 30, 2026. The target went from $15 to $17 (+13%). The rating moved from Hold to Buy.

Jefferies targetRIVN share price
  1. October 30, 2026 This noteUpgraded to Buy, kept the $17 targetBuy$17
  2. July 7, 2026Target raised from $15 (+13%)Hold$17
  3. March 3, 2026Earliest call shownHold$15
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Other analysts on Rivian

NeedhamBuy Cut price target −22%, kept rating Oct 30 $18from $23 CantorHold Kept rating and price target Oct 12 $19maintained Yorkville IvesBuy Initiated coverage Oct 7 $20 BairdBuy Kept rating and price target Oct 5 $23maintained CantorHold Kept rating and price target Oct 2 $19maintained
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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.