Cantor Fitzgerald reiterates Neutral rating on Rivian stock at $19

Cantor Fitzgerald maintained its Neutral rating for Rivian Automotive Inc (NASDAQ: RIVN) with a $19.00 price target. This represents a 23% upside potential from the current stock price of $15.47. InvestingPro data indicates the stock is undervalued according to its Fair Value analysis. The firm anticipates that R2 deliveries will significantly increase customer demand due to the competitive pricing and newly unveiled autonomy features.

Cantor Fitzgerald believes Rivian's AI and customer-centric autonomous approach could enhance unit economics and potentially capture considerable autonomy and EV market share within a few years. Eight analysts have raised their earnings forecasts for the next reporting period, and Rivian posted a 14% revenue growth over the past year.

For further information, investors can consult Rivian's detailed Pro Research Report. Rivian's CFO, Claire McDonough, will resign on October 30, 2026, after nearly six years, with a permanent replacement expected by early next year. Rivian reported a 27.2% year-over-year revenue increase in Q2 2026, reaching $1.7 billion, surpassing expectations.

The company achieved a consolidated gross profit of $179 million, marking a turnaround from a $206 million loss in the same period last year. Stifel reaffirmed its Buy rating for Rivian, noting the company's strong performance and updated guidance. Adjusted EBITDA was worse than Stifel's estimate but better than consensus. Baird and Needham also maintained their positive ratings, with a price target of $23, expressing confidence in Rivian's future prospects.