Rivian Projected for $1.27B Q4 Revenue Spurs $18 Price Target
Analysts maintain a Buy rating with $18 price target after projecting Q4 revenue at $1.27B versus $1.26B consensus and EPS of $(0.61) versus $(0.71). Rivian delivered 42,247 vehicles in 2025, holds $7B cash plus over $10B VW JV and DOE funding and targets $1.7–1.9B adjusted EBITDA loss with $1.6–1.7B capex.
1. Analyst Rating and Projections
Analysts maintain a Buy rating with an $18 price target after projecting Q4 revenue at $1.27 billion versus $1.26B consensus and earnings per share of $-0.61 versus $-0.71.
2. Delivery Performance
Rivian delivered 42,247 vehicles in 2025, in line with its guidance and demonstrating manufacturing and delivery stability as it scales operations.
3. Liquidity and Funding
The company holds $7 billion in cash and has secured over $10 billion in incremental capital through its joint venture with Volkswagen and Department of Energy loan access.
4. 2026 Financial Guidance
Rivian is guiding for an adjusted EBITDA loss of $1.7–1.9 billion in 2026 alongside capital expenditures of $1.6–1.7 billion while targeting modest full-year gross profit.