Rivian stock holds steady as Cantor Fitzgerald maintains Neutral rating

Investing.com - Cantor Fitzgerald has reiterated its Neutral rating and $15.00 price target on Rivian Automotive Inc (NASDAQ:RIVN), currently trading at $13.03 with a market capitalization of $15.6 billion, following the company’s recent production and delivery announcements. According to InvestingPro data, the stock shows significant volatility with a beta of 1.82.

Rivian delivered 10,661 vehicles in the second quarter of 2025, aligning with analyst estimates but falling below the 13,790 vehicles delivered in the same period last year. Production figures came in at 5,979 vehicles, significantly below consensus expectations of 11,325 and last year’s second-quarter production of 9,612 units. The company maintains strong liquidity with a current ratio of 3.73, though it faces profitability challenges with a gross profit margin of -9.33%.

The company attributed the production decline to preparations for model year 2026 vehicles. This comes after Rivian had achieved consecutive quarters of positive gross profit, a milestone in its financial performance.

On July 9, Rivian unveiled its second-generation quad-motor, featuring 1,025 horsepower and 1,198 lb-ft of torque, capable of accelerating from 0-60 mph in 2.5 seconds. The new models offer an improved range of 374 miles EPA and up to 400 miles in conserve mode, with deliveries beginning this month at starting prices of $121,990 for the R1S and $115,990 for the R1T.

Rivian recently revised its full-year 2025 vehicle delivery guidance downward to 40,000-46,000 vehicles from the previous 46,000-51,000 range, which includes Electric Delivery Van shipments. Cantor Fitzgerald cited this reduced guidance, worsening macroeconomic conditions, tariffs, the removal of the $7,500 EV tax credit, and uncertainty about Rivian’s autonomy and charging segments as factors behind maintaining its Neutral stance. For deeper insights into Rivian’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.

In other recent news, Rivian Automotive Inc. reported producing 5,979 vehicles and delivering 10,661 vehicles in the second quarter of 2025. This production figure fell short of analyst expectations, which were over 11,300 vehicles. The company cited preparations for model year 2026 vehicles as a reason for the production shortfall. Despite this, Rivian maintained its annual delivery guidance of 40,000 to 46,000 vehicles. Additionally, Rivian received a $1 billion equity investment from Volkswagen (ETR:VOWG_p) Group, part of a larger $5.8 billion technology joint venture agreement. Benchmark analysts noted specific growth opportunities for Rivian, including new model launches. Cantor Fitzgerald maintained a Neutral rating and a $15 price target on Rivian following its preliminary delivery report. Meanwhile, Rivian-backed startup Also Inc. reached a $1 billion valuation after a $200 million investment from Greenoaks Capital.

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