11:00 AM EDT, 08/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target to $8 (from $10), a premium to our DCF valuation and its tangible book value. We reduce our adjusted EPS estimates to -$2.70 (from -$1.65) for 2025 and to -$2.15 (from -$1.05) for 2026. Following a big Q2 earnings miss and reduction to 2025 adjusted EBITDA guidance, we are slashing our estimates and reiterating our Sell opinion on RIVN. We think the release raises fresh questions regarding the RIVN story, particularly the role of soon-to-be-discontinued regulatory credits in driving its top and bottom lines, which it blamed along with worse-than-expected Q2 results for the EBITDA guidance cut. Moreover, its guidance for an expectation that Q3 will be its peak delivery quarter for the year raises concerns regarding a demand drop-off following the expiration of federal tax credits at the end of September. We continue to view RIVN as a company with very little margin for error considering its lack of scale, cash burn rate, and the recent fate of other upstart EV manufacturers.