Wall Street analysts are projecting a modest rally in Rivian (NASDAQ: RIVN) stock over the next 12 months, continuing its recent upward momentum.

Notably, over the past six months, the electric vehicle manufacturer’s share price has gained 16%, settling at $13.20 as of press time.

The stock is back in focus after Rivian’s third-quarter deliveries rose 25% to 3,000 units, but the company lowered its 2025 sales forecast to 41,500 and 43,500 vehicles from a previous estimate of up to 46,000. Analysts also expect fourth-quarter deliveries to fall to about 10,000 units.

Meanwhile, regarding the stock price prediction, the RIVN’s average 12-month price target is set at $13.69, reflecting a modest 3.71% upside from its most recent closing price, according to insights tracked by TipRanks.

Based on evaluations from 22 analysts over the past three months, Rivian holds a consensus ‘Hold’ rating, suggesting investors maintain their positions. Of these analysts, seven recommend buying, ten advise holding, and five suggest selling, highlighting mixed sentiment about the EV maker’s outlook. Price targets vary from a bullish $21 to a cautious $7.55.

Analysts take on Rivian stock 

Among analysts, on October 20, Mizuho’s Vijay Rakesh downgraded Rivian’s outlook, lowering the stock’s price target from $14 to $10 amid concerns that the expiration of key U.S. EV tax credits will dampen demand. Rakesh warned that Rivian’s high-priced R1T and R1S models, both above $70,000, may face slower sales as leasing incentives expire at the end of October. Mizuho now expects 60,000 deliveries in 2026, lower than earlier estimates, citing near-term headwinds until the launch of the more affordable R2 SUV next year.

Barclays analyst Dan Levy maintained a cautious stance on Rivian ahead of its November 4 Q3 earnings report, giving the stock an ‘Equal Weight’ rating and a $14 price target. Despite Rivian delivering 13,200 vehicles in Q3, Levy was unimpressed, expecting closer to 15,600 units given the rush to secure expiring EV tax credits. He noted Rivian’s growth lagged behind peers such as Ford, GM, and Tesla. He sees potential upside if Rivian accelerates the launch of its upcoming R2 SUV, whose development appears ahead of schedule, possibly signaling an earlier-than-expected production start.

In early October, Cantor Fitzgerald analyst Andres Sheppard maintained a ‘Neutral’ rating and a $15 price target following the company’s third-quarter 2025 delivery results. Bank of America Securities analyst Federico Merendi also maintained a ‘Sell’ rating on Rivian and set a price target of $10.

Finally, Evercore ISI analyst Chris McNally maintained a ‘Buy’ rating and set a price target of $18.

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