Cantor Fitzgerald analyst Andres Sheppard has kept a Hold rating on Rivian Automotive, setting a price target of 15.00. Rivian shares closed the prior Friday at 12.24.
Across the Street, Rivian’s shares are viewed by a number of analysts as a neutral bet. The consensus among analysts is a Hold, with an average price target of 14.00, implying about a 14% upside from current levels. Morgan Stanley, in a separate note dated August 13, also maintains a Hold on the stock, with a price target of 12.00.
Rivian reported its latest quarterly results for the quarter ending June 30, delivering revenue of 1.3 billion and a GAAP net loss of 1.12 billion. For the year-ago quarter, Rivian posted revenue of 1.16 billion and a GAAP net loss of 1.46 billion. The year-over-year revenue growth alongside a smaller GAAP loss suggests some improvement in the company’s operating trajectory, even as the business remains unprofitable on a GAAP basis.
What this means for investors:
– The stock remains broadly viewed as a mid-cycle, long-horizon EV play, with multiple firms calling for patience given ongoing losses.
– The current price around 12.24 sits below the street’s average target of 14.00, suggesting potential upside if Rivian can sustain revenue growth and move closer to profitability.
– The mix of Hold ratings indicates that while the market recognizes progress, there is caution about near-term profitability and cash burn.
Additional context and perspective:
– Rivian’s year-over-year improvements in revenue and the narrowing of losses are notable signs as the company scales production and ramps its operations.
– Investors will be watching whether Rivian can improve gross margins, reduce operating costs, and sustain higher volumes in upcoming quarters.
– With several major banks maintaining Hold ratings, the stock may continue to trade in a cautious range until there are clearer catalysts—such as stronger margin recovery, production milestones, or favorable demand signals.
Summary:
Rivian remains in a wait-and-see mode for many investors, with Cantor Fitzgerald’s Hold rating and a 15 target suggesting limited near-term upside from a price perspective, while the broader consensus also leans toward caution. The June-quarter results show revenue growth and narrowed losses, signaling progress as the company pursues scale in a competitive EV market.
If you’d like, I can add a brief, reader-friendly summary for the homepage and a few value-added notes on potential catalysts to watch in the next earnings cycle.