Rivian price target lowered to $18 from $20 at Piper Sandler

Piper Sandler lowered the firm’s price target on Rivian (RIVN) to $18 from $20 and keeps a Neutral rating on the shares. The firm notes the company posted respectable Q4 results that topped expectations. However, FY26 guidance calls for an EBITDA loss of between $1.8B and $2.1B, implying slight downside vs. consensus estimates of about $1.8B.