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Investing.com - Stifel raised its price target on Rivian Automotive Inc (NASDAQ:RIVN) to $17.00 from $16.00 on Monday, while maintaining a Buy rating following the electric vehicle maker’s third-quarter 2025 results. The new target represents a 12.5% upside from Rivian’s current price of $15.11, with InvestingPro data showing the stock has already delivered an impressive 50.2% return over the past year.
The firm cited several positive developments in Rivian’s quarterly performance, including strong Software and Service revenue and profitability, along with a sequential reduction in cost of goods sold per unit of approximately $2,200. This cost improvement comes as Rivian continues to grow, with revenue reaching $5.83 billion and showing 28.21% growth over the last twelve months.
Rivian’s gross profit loss per vehicle, excluding software and services, improved to ($985) from ($3,142) in the second quarter of 2025, surpassing Stifel’s forecast of ($2,039). InvestingPro analysis identifies that Rivian still "suffers from weak gross profit margins" at 3.32%, though the recent improvements suggest progress toward profitability.
Stifel noted that Rivian expects to cut costs by about half from its R1 to R2 models, and anticipates a reduced tariff impact of only a few hundred dollars per unit once new policies are implemented, compared to several thousand dollars previously.
Rivian plans to host an Autonomy & AI Day on December 11, 2025, as the company continues to develop its long-term strategy in the electric vehicle market.
In other recent news, Rivian Automotive has seen several noteworthy developments. Tigress Financial Partners raised its price target for Rivian to $25, maintaining a Buy rating, due to the company’s advancements in AI and autonomy, strategic partnerships, and scaling production capabilities. Meanwhile, RBC Capital reiterated its Sector Perform rating with a $14 price target, highlighting ongoing liquidity concerns despite Rivian’s $7.1 billion in cash and short-term investments. The company anticipates an additional $2.5 billion in funding from a joint venture with Volkswagen, contingent on achieving specific technological milestones.
DA Davidson also adjusted its outlook, raising Rivian’s price target to $15 from $13, following the company’s third-quarter 2025 earnings report, and maintained a Neutral rating. Rivian’s CEO was granted a $4.6 billion pay package, contingent on meeting ambitious benchmarks over the next decade, as disclosed in an SEC filing. This announcement coincided with a notable increase in Rivian’s stock price. These recent developments reflect a mix of strategic advancements and ongoing financial evaluations for the electric vehicle manufacturer.
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