BNP Paribas raises Rivian Automotive's price target to $20, maintains "Outperform" rating

From Yahoo Finance: 2025-05-20 16:50:00

BNP Paribas Exane analyst James Picariello raised Rivian Automotive’s price target to $20 and maintained an “Outperform” rating, citing gross profit improvements and tariff adaptation. The company’s strategic approach with the R1 model sets it apart from competitors like Tesla, positioning it well for the R2 launch in Q1 2026. Picariello also highlighted Rivian’s potential to secure a $6.6 billion DoE loan for sustainable free cash flow and operational support. With partnerships with Volkswagen and DoE funding, Rivian is poised for expansion and new model releases in the coming years.



Read more at Yahoo Finance: BNP Paribas Maintains Overweight on Rivian (RIVN) Stock, Lifts PT