Cantor Fitzgerald Reiterates Neutral Rating on Rivian Automotive Inc (RIVN)

Cantor Fitzgerald analyst Andres Sheppard reiterated a Neutral rating and $15.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst commented, "We continue to believe that RIVN benefits from a commercial partnership with Amazon, a strategic joint venture with Volkswagen, and a differentiated product offering (R1, EV charging, EDVs, & R2). We view Rivian's R2 line (1H26) as a material catalyst, and one that should result in higher customer demand, driven by the more competitive price point. However, we remain discouraged in the near-term by the company's FY25 delivery guidance of 41,500 - 43,500 vehicles (which is lower than FY24 deliveries), and remain conservative in our initial R2 delivery ramp-up assumptions. Overall, we remain Neutral in the near term, driven by the recent removal of the $7,500 EV Tax Credit, lower production & delivery expectations, worsening macro conditions, tariff uncertainty, and uncertainty regarding the company's autonomy and charging segments (which have yet to be quantified by management, though we expect to receive initial details at the AI and autonomy day on 12/11)."

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 $12.50 yesterday.

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