Stifel Reiterates Buy Rating on Rivian Automotive Inc (RIVN)

Stifel analyst Stephen Gengaro reiterated a Buy rating and $18.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst commented, “While near-term headwinds persist, we believe RIVN is making solid progress toward several key milestones including delivering positive gross profit in 1Q25 and 4Q24, pursuing positive gross profit target for 2025, reducing costs, and launching the critical R2. We believe RIVN has sufficient liquidity to fund operations through the launch of R2 supported by its balance sheet, and with investments from Volkswagen and the DOE loan would have sufficient capital to fund the ramp of the midsize platform in Georgia. We believe the long-term story is intact, and we are reiterating our Buy with an $18 target price based on our DCF.”

For an analyst ratings summary and ratings history on Rivian Automotive Inc click here. For more ratings news on Rivian Automotive Inc click here.

Shares of Rivian Automotive Inc closed at $14.26 yesterday.

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