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

Core Viewpoint - Rivian Automotive, Inc. has received a price target increase from Stifel, reflecting positive third-quarter results and a favorable long-term outlook driven by improved software economics and unit costs [1][4]. Group 1: Financial Performance - Rivian's software and service profitability has strengthened, contributing to a reduction in vehicle gross loss [2][3]. - Cost of Goods Sold (COGS) per unit decreased by approximately $2,200 sequentially [3]. - Gross profit (loss) per vehicle, excluding software and services, improved to $(985) from $(3,142) in Q2 2025, surpassing the forecast of $(2,039) [3]. - The company noted potential cost reductions of about 50% from R1 to R2 models [3]. Group 2: Future Outlook - Rivian plans to host an Autonomy & AI Day on December 11, 2025, to discuss its product and technology roadmap, as well as its AI strategy [3][4]. - Upcoming policy changes may reduce tariff impacts to only a few hundred dollars per unit, compared to several thousand previously [2][3]. Group 3: Investment Sentiment - Stifel maintains a "Buy" rating on Rivian, indicating confidence in the company's long-term story [4].