The share price of electric vehicle (EV) manufacturer Rivian (NASDAQ: RIVN) continues to fluctuate, though a section of Wall Street analysts expect upside potential over the next 12 months.
At the close of the last trading session, RIVN was priced at $13.07, representing a 1.5% increase on the day. Year-to-date, the stock is down 1.3%, with losses more pronounced over the past six months at 16%.
Notably, Rivian is competing in a challenging EV market dominated by giants like Tesla (NASDAQ: TSLA) and lower-cost Chinese manufacturers.
Now, based on its Q2 2025 results, Rivian still faces headwinds: it produced 5,979 vehicles and delivered 10,661, marking a 22% year-over-year drop in deliveries and a 37% decline in production.
The company attributed the slowdown to preparations for the launch of its 2026 model, which was scheduled for late July.
Despite this, Rivian reaffirmed its full-year delivery target of 40,000 to 46,000 vehicles. The company also posted a second consecutive quarter of positive gross profit in Q1. It secured a $1 billion investment from Volkswagen Group, part of a $5.8 billion partnership to co-develop EV platforms and software, starting with the upcoming R2.
Wall Street’s take on RIVN share price
For the stock price outlook, 24 Wall Street analysts tracked by TipRanks have an average 12-month price target of $14.78, which is approximately 13% above the current level.
The highest target is $23, while the lowest is $7.05. Among these analysts, eight rate the stock a Buy, 13 recommend Hold, and 3 suggest Sell, yielding a consensus rating of “Hold.”
Most recently, on July 3, Canaccord Genuity analyst George Gianarikas reaffirmed a ‘Buy’ rating and $23 target following Rivian’s second-quarter delivery update and its confirmed Volkswagen deal.
Gianarikas noted that the joint venture alleviates “a significant chunk of the capital concern,” giving Rivian the financial flexibility to scale production.
Canaccord views the partnership as a strategic advantage as other automakers slow their EV plans, calling it “a unique, timely opportunity” for Rivian to become “the next American auto icon.”
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