Stifel Reiterates Buy on Rivian, $22 Price Target

November 9, 2026 Analyst: Stephen Gengaro 1 min read Reproduced verbatim

Rating: Buy; Unchanged
Target: $22; Unchanged
Upside: +58%; RIVN at $13.97 today

What the analyst said

Stifel analyst Stephen Gengaro reiterated a Buy rating and $22 price target on Rivian (NASDAQ: RIVN).

“We believe RIVN’s 3Q26 results and higher 2026 deliveries guidance support our positive view on the shares.

Importantly, R2 order conversion has been stronger-than-expected, and although there are some higher near-term costs associated with ramping production, margins seem to be gaining traction.

In our view, autonomy will increasingly become a key market share driver, and RIVN’s next possible catalyst could be its AI Autonomy Day on December 9. We are reiterating our Buy and $22 target price.”

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Where the price stands

This target$22Highest$23Lowest$10Today$13.97Median$18

RIVN trades at $13.97. The 11 analysts who set a target in the last 3 months range from $10 to $23, with a median of $18. This $22 target is 22% above the median.

12-month window: day 0 of 365, closes on November 9, 2027.

Track record

This callOpen: a 12-month target, scored on November 9, 2027, a year after the note.

Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms); on Rivian, 4 of 4. Accuracy ranking →