Rivian Stock Is Going to $19 According to This Wall Street Analyst. Here's Why They May Be Right.

Cantor Fitzgerald is holding a neutral rating on RIVN while setting a $19 price target, which implies roughly 20% upside from current levels. The call lands alongside an argument that Rivian's valuation is underappreciated relative to TSLA.

The bull case rests on two pillars. First, the launch of Rivian's more affordable R2 SUV, which the article frames as a growth driver. Second, exposure to the robotaxi market. UBER has agreed to purchase up to 50,000 R2 SUVs, positioning Rivian as a potential supplier to robotaxi operators.

The margin gap is the obvious counterweight. RIVN posts gross margins of 2%, versus 19% at TSLA. The article contends that economies of scale could narrow that spread as production ramps. Interpretation: the $19 target effectively prices in that scale-driven improvement, while the neutral rating suggests Cantor sees execution risk balancing the upside.

Note the "up to" language on the UBER commitment. A ceiling of 50,000 units is not a firm order floor, so the size of the eventual revenue stream remains uncertain.