DA Davidson Raises Rivian Price Target to $15, Maintains Neutral Rating

Core Viewpoint - DA Davidson raised the price target for Rivian Automotive Inc. to $15 from $13 while maintaining a Neutral rating, indicating steady operational progress despite challenges in the R1 lineup [1][2] Group 1: Financial Performance - Rivian's third-quarter 2025 results showed continued operational progress, particularly with advancements in the R2 platform [1] - The company successfully reduced tariff costs per vehicle from "a few thousand dollars" to "a few hundred" [1] Group 2: Future Outlook - Key milestones such as winter testing and securing 2026 funding are critical for determining Rivian's future trajectory [2] - DA Davidson prefers to remain on the sidelines for now, maintaining a Neutral stance on the stock due to the balance of risks and opportunities [2] Group 3: Upcoming Events - Rivian is expected to present an "Autonomy Day" next month, which may provide further insights into its strategic direction [1]