Rivian price target raised to $18 from $15 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on Rivian (RIVN) to $18 from $15 and keeps a Neutral rating on the shares. Rivian beat Q4 consensus on revenue, gross margin, and earnings, while initiating FY26 delivery guidance of 62,000-67,000 vehicles, with R2 deliveries on track for Q2, the analyst tells investors in a research note. The R2 launch, combined with AI-driven customer focus and strategic partnerships with Amazon (AMZN) and Volkswagen (VWAGY), is expected to boost demand, improve unit economics, and potentially capture EV market share, though the near-term outlook remains neutral pending more clarity on customer uptake and autonomy timelines, the firm says.