If Rivian Automotive (NASDAQ:RIVN) sought to excite the market with its future technological pursuits, mission firmly accomplished. The EV maker saw its share price catapult by double digits last week following the company’s inaugural Autonomy & AI Day, during which CEO R.J. Scaringe laid out the company’s vision to “lead the charge into an AI-defined future.”
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Investors were clearly enthused by the company’s efforts to plant its flag in this lucrative self-driving space, which includes the integration of LiDAR into the Rivian fleet with future R2 models.
While it hasn’t been without its ups and downs, 2025 is shaping up to be a strong year for RIVN. The company’s share price has gained close to 40% year-to-date, and management confirmed during the Q3 earnings call last month that the R2 remains on pace for deliveries in the first half of 2026.
Count one top investor known by the pseudonym Stone Fox Capital among those feeling the excitement.
“Rivian definitely announced a big entry into the whole autonomy and AI race with self-developed tech,” declared the 5-star investor, who is among the top 3% of stock pros covered by TipRanks.
Stone Fox commended the company for the AI & Autonomy Day, despite the fact that the investor didn’t identify any large revenue drivers in the near-term. However, the improvements in the company’s self-driving efforts give Stone Fox plenty of confidence in the company’s ability to hit its R2 sales targets.
In that same spirit, the investor believes that Rivian will succeed in vastly increasing sales in the years ahead. Stone Fox cited the company’s plans to eventually reaching annual production capacity of 615,000 vehicles as it scales up manufacturing plants in both Georgia and Illinois.
“Rivian likely increased the odds of the path to reach 2030 sales of $30 to $40 billion after only topping $5 billion in 2025,” Stone Fox added.
Though Stone Fox acknowledged that the share price could pull back a bit after hitting a 52-week peak, the investor is fully along for the long-distance ride.
“The key investor takeaway is that Rivian announced a ton of promising new tech,” summed up the investor, who added that “my long-term thesis remains ultra bullish.”
No surprise here, Stone Fox is rating RIVN a Strong Buy. (To watch Stone Fox Capital’s track record, click here)
Wall Street is a bit more lukewarm, however. With 5 Buys, 9 Holds, and 5 Sells, RIVN carries a consensus Hold (i.e., Neutral) rating. Its 12-month average price target of $14.82 points to a downside approaching 20%. (See RIVN stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.