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Research Alert: CFRA Reiterates Sell Opinion On Shares Of Rivian Automotive, Inc.
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Research Alert: CFRA Reiterates Sell Opinion On Shares Of Rivian Automotive, Inc.
Nov 5, 2025 9:38 AM

12:20 PM EST, 11/05/2025 (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 raise our 12-month target to $10 from $8, a material premium to our DCF valuation and RIVN's tangible book value of $4.13/share. We raise our 2025 adjusted EPS estimate to -$2.60 from -$2.95, lift 2026 to -$2.50 from -$2.65, and introduce 2027 at -$1.95. Following a better-than-expected Q3 earnings release, we are increasing our price target but reiterating our Sell rating on shares of RIVN. We continue to harbor major concerns regarding EV demand in an unsubsidized U.S. market, and we think RIVN's financial results will begin to reflect it starting in Q4. Moreover, RIVN recently broke ground at its planned $5B factory in Georgia, which we expect to act as a major cash drain over the next couple of years, eventually creating a dire balance sheet situation for the company. RIVN shares have outperformed those of EV upstart peers so far in 2025, but we think its cash burn is about to accelerate, pressuring equity value, also noting that RIVN's outstanding share count has increased by 20% in the past year.

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