Rivian (RIVN) Price Target Cut to $12 on EV Demand Concerns

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the AI Stocks Investors Are Watching Closely. On August 12, Morgan Stanley analyst Adam Jonas lowered the price target on the stock to $12.00 (from $13.00) while maintaining an Equal Weight rating.

The price target cut comes amid concerns about the upcoming R2 vehicle launch amidst challenging demand conditions for electric vehicles. Significant capital is also required to compete in autonomous robotization.

“We believe Rivian can play a role in AI-enabled autonomy, but remain cautious on the ‘steering-wheel-having’ R2 into a tough demand backdrop for EVs and capital requirements to participate in the robotization of autos. The VW relationship reduces stock volatility but potentially the opportunity.”

A luxury electric vehicle driving in the city, its battery technology powering its progress.

Rivian Automotive, Inc. (NASDAQ:RIVN) is an automaker that creates and manufactures electric vehicles, as well as software and services.

While we acknowledge the potential of RIVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.