Rivian Stock (RIVN) Slips Despite Analyst Price Target Increase

Rivian Automotive (RIVN) stock was down on Tuesday despite the electric vehicle (EV) company’s shares getting an increased price target from UBS analysts. The firm’s analysts increased their price target to $13 from $12 per share and maintained a Neutral rating.

The bad news for RIVN stock is that the shares were trading at $15.23 today. This means that the raised price target from UBS still implies a roughly 14.6% downside for the shares. UBS sees the expected 2026 launch of the Rivian R2 as a potential positive for the company. However, it has concerns that the $45,000 price will be too steep for many consumers.

RIVN stock was down 2.69% as of Tuesday morning, but is still up 14.36% year-to-date. Investors will also note that RIVN shares have rallied 50% over the past 12 months.

More Recent RIVN Stock Analyst Updates

UBS isn’t the only firm that has updated its coverage of Rivian stock recently.

• Five-star Exane BNP Paribas analyst James Picariello kept a Buy rating and raised his price target to $20 from $18, implying a 31.23% upside.
• Five-star Piper Sandler analyst Alexander Potter reiterated a Hold rating last week, but increased his price target to $15 from $13, representing a possible 1.57% downside.
• Barclays’ Dan Levy also maintained a Hold rating for RIVN stock and $14 price target, suggesting an 8.14% downside for the shares.

Is Rivian Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Rivian is Hold, based on seven Buy, 15 Hold, and three Sell ratings over the past three months. With that comes an average RIVN stock price target of $14.74, representing a potential 3.28% downside for the shares.

See more RIVN stock analyst ratings