Rivian stock gains traction as analysts raise price targets post Q1 earnings, driven by optimism over cost control and upcoming lower-priced cars.
Rivian exceeds Q1 expectations with better gross profit and revenue, despite a dip in stock post-earnings due to reduced 2025 delivery forecast and impact of Trump's tariffs.
Stifel analyst increases RIVN price target to $18, citing Rivian's progress towards launching affordable vehicles, while Bernstein's analyst lifts price target to $7.05 but maintains a 'Sell' rating.
Overall, Wall Street's average price target for RIVN increases modestly to $14.31, with one-third of analysts recommending a Buy. Rivian stock rose 2.7% on Monday, indicating positive sentiment and resilience amidst trade challenges.