Rivian stock price target maintained at $15 by Cantor Fitzgerald
Investing.com
Published Jul 07, 2025 08:18AM ET
Investing.com - Cantor Fitzgerald maintained its Neutral rating and $15.00 price target on Rivian Automotive Inc (NASDAQ:RIVN) following the company's preliminary second-quarter delivery report. The electric vehicle maker, currently valued at $15.7 billion, trades near InvestingPro 's Fair Value estimate, with analysts setting price targets ranging from $7.05 to $23.00.
Rivian delivered 10,661 vehicles in the second quarter of 2025, which aligned with Cantor Fitzgerald's estimate of 10,670 vehicles and the Visible Alpha Consensus of 10,685 vehicles. The delivery figure represents a decrease from the 13,790 vehicles delivered in the same quarter of 2024.
The electric vehicle manufacturer produced 5,979 vehicles during the second quarter of 2025, falling below the Visible Alpha consensus estimate of 11,325 vehicles. This production figure also marks a decline from the 9,612 vehicles produced in the second quarter of 2024.
Rivian's management attributed the production shortfall to preparations for model year 2026 vehicles, which affected manufacturing output during the quarter.
The preliminary delivery and production figures were pre-announced by Rivian ahead of its full quarterly financial results, which are expected to be released on August 5, 2025. Get deeper insights into Rivian's financial health and 8 additional key ProTips with a comprehensive Pro Research Report, available exclusively on InvestingPro .
In other recent news, Rivian Automotive reported production of 5,979 vehicles and deliveries of 10,661 in the second quarter of 2025. This production figure fell short of analyst expectations, which had anticipated over 11,300 vehicles, as noted by Bloomberg. Despite the production shortfall, Rivian reiterated its full-year delivery guidance of 40,000 to 46,000 vehicles. The company attributed the production limitations to preparations for the launch of its model year 2026 vehicles. Additionally, Rivian secured a $1 billion equity investment from Volkswagen (ETR:VOWG_p) Group, part of a larger $5.8 billion technology joint venture. Mizuho maintained a Neutral rating on Rivian, citing the on-schedule launch of the R2 model for early 2026. Rivian has also laid off about 140 employees from its manufacturing team to improve operational efficiency ahead of the R2 SUV launch. The company continues to explore cost reductions through its partnership with Volkswagen.
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