Rivian Stock (RIVN) Lands a New Street-High Price Target, Top Analyst Sees 65% Upside Ahead
Rivian Automotive (RIVN) is gaining momentum after reporting a stronger Q3 and gearing up for the R2 SUV launch. Tigress Financial analyst Ivan Feinseth reinforced his bullish stance, maintaining a Buy rating and raising the price target to a Street-high $25—a 65% upside potential. Feinseth, ranked #351 among 10,123 analysts on TipRanks, cited record deliveries and 78% YoY revenue growth as signs of rising demand and improved pricing power.
The $5.8 billion joint venture with Volkswagen (VWAGY) is expected to accelerate platform development and software enhancements. Strategic partnerships with Amazon (AMZN) and AT&T (T) further solidify Rivian's position in the commercial fleet market, underscoring long-term demand potential.