Rivian Gets Street-High $25 Target, but LFP Issue Adds Turbulence

Rivian shares hovered near $15 on Monday as the automaker’s post-earnings momentum met a mix of bullish analyst calls, a software-related battery-calibration issue, and new filings showing major investors trimming exposure. The stock, which recently logged a 30%+ rally after Rivian posted its first positive gross profit, is now consolidating as markets weigh upbeat forecasts against operational and ownership-related concerns.

Analyst Upgrades Push Targets Higher as Rivian Consolidates Gains

Rivian traded around $15.06 in early afternoon action, easing slightly after last week’s surge that followed the company’s surprise move into positive gross profit in Q3 2025. Stifel raised its price target to $17 on improving unit economics, pointing to sharply reduced per-vehicle losses and expectations that the R2 platform will be significantly cheaper to produce, according to TechStock2.

Tigress Financial went further, lifting its target to a Street-high $25 on accelerating revenue growth, strong fleet demand and the long-term upside from Rivian’s joint venture with Volkswagen. Despite these upgrades, broader consensus still sits at a cautious Hold, with several services placing the average target below Rivian’s current trading level.

Battery-Calibration Glitch and Ownership Shifts Add Pressure

A new SoC-calculation bug affecting R1 models equipped with LFP packs surfaced this week, with reports describing sudden drops below 20% charge that can leave drivers stranded. Rivian attributes the issue to a recent software update and expects an OTA fix within weeks.

Meanwhile, filings show KBC Group NV and Westwood Holdings reducing Rivian positions, while CEO RJ Scaringe recently sold shares amid the rollout of a long-term performance-based compensation package. Strategically, Rivian continues to lean on its Volkswagen partnership, expanding software-defined vehicle architecture efforts ahead of the mass-market R2 and R3 programs slated to drive the next phase of growth.

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