Rivian price target raised to $15 from $13 at DA Davidson

DA Davidson raised the firm’s price target on Rivian (RIVN) to $15 from $13 and keeps a Neutral rating on the shares after its Q3 results. The R2 continued to make progress during the quarter, and the company was also able to reduce tariff impacts from “a few thousand” per vehicle to “a few hundred,” while the management had teased an Autonomy Day next month, the analyst tells investors in a research note. R1 trends appear challenging however, and key milestones like winter testing underpin 2026 funding, the firm added.