Canaccord Genuity analyst George Gianarikas maintained a Buy rating on Rivian Automotive (RIVN – Research Report) yesterday and set a price target of $23.00.
George Gianarikas has given his Buy rating due to a combination of factors that highlight Rivian Automotive’s potential in the electric vehicle market. The company’s first quarter results for 2025 exceeded expectations, with revenue surpassing estimates and showing annual growth. Despite some challenges related to trade regulations and consumer sentiment, Rivian’s EBITDA guidance remains strong, indicating resilience in their financial outlook.
Furthermore, the anticipated rollout of the R2 model in the first half of 2026 is seen as a pivotal moment for the company, with management showing commitment to its success. The strategic partnership with Volkswagen is expected to address capital concerns and position Rivian as a leading EV platform in the Western market. Gianarikas believes that Rivian has a unique opportunity to establish itself as a major player in the EV industry, especially as other manufacturers scale back their commitments, making it a promising investment choice.
According to TipRanks, Gianarikas is an analyst with an average return of -7.0% and a 36.65% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as Generac Holdings, Arq Inc, and Ameresco.
In another report released today, Needham also reiterated a Buy rating on the stock with a $16.00 price target.