Rivian (RIVN) Today: DA Davidson Lifts Price Target to $15 as CEO Pay Plan, AI Day and Q3 Momentum Dominate — Nov. 11, 2025
DA Davidson raised its Rivian price target to $15, maintaining a Neutral rating after Q3 results showed revenue up 78% to $1.56B and easing tariff costs. Rivian’s board approved a 10-year CEO compensation plan for RJ Scaringe with options on 36.5M shares and a doubled $2M salary. Rivian spun out Mind Robotics this month with $110M in external seed funding. Shares traded at $16.41 as of 13:40 UTC.