From Financial Modeling Prep: 2025-05-19 16:21:00

BNP Paribas Exane raised Rivian Automotive’s price target to $20 from $18, citing improved profitability and strong financial backing. Analysts praised Rivian’s gross margin improvement and ability to navigate tariffs, highlighting its liquidity position and DOE loan to fund its Georgia facility.

Rivian’s disciplined pricing strategy on R1 vehicles, prioritizing margins over volume, is seen positively ahead of the R2 launch in Q1 2026. BNP views the R2 launch as pivotal, positioning Rivian as a competitor to Tesla amid increasing scrutiny of Elon Musk.

The firm is gaining confidence in Rivian’s long-term outlook and operational resilience, with a clearer path to sustainable free cash flow.



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