Rivian (RIVN) Wins Analyst Confidence Ahead of Its Autonomy & AI Day

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the Must-Watch AI Stocks on Wall Street. On November 17, Stifel raised its price target on the stock to $17.00 from $16.00, while maintaining a “Buy” rating.

The price target raise follows Rivian’s generally positive third-quarter 2025 results. Stifel is optimistic on RIVN driven by stronger software economics and improved unit costs, as well as a positive long-term outlook.

From stronger software and service profitability and to sharp improvements in vehicle gross loss, the firm discussed several key positives for Rivian. There is also a possibility that upcoming policy changes may reduce tariff impact to only a few hundred dollars per unit.

“ Key positives include: 1. Strong Software and Service revenue and profitability; 2. COGS per unit down ~$2,200 sequentially; 3. Gross profit (loss) per vehicle excluding software & services improved to $(985) from $(3,142) in 2Q25, exceeding our ($2,039) forecast; 4. Noted it can cut cost by about half from R1 to R2; and 5. Once new policies are in place, expects tariff impact of a few hundred dollars per unit compared to several thousand dollars per unit previously.”

Besides software economics and improved unit costs, the firm highlighted how Rivian also plans to host an Autonomy & AI Day on December 11, 2025. Rivian will be hosting this event in order to discuss its product and tech roadmap, as well its AI strategy.

Overall, the firm believes that Rivian’s long-term story remains intact.

“RIVN is also hosting an Autonomy & AI Day December 11, 2025. We believe the long-term story is intact, reiterate our Buy rating, and we’re raising target price to $17 from $16 target price based on our DCF.”

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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