Piper Sandler has adjusted its price targets across the auto sector, cutting estimates for Rivian (NASDAQ:RIVN), Ford (NYSE:F), Stellantis (NYSE:STLA), and Tesla (NASDAQ:TSLA) while raising its outlook on General Motors (NYSE:GM).
Rivian and Stellantis took the biggest hits, with Piper downgrading both stocks, citing political and supply chain uncertainties. Rivian's rating was lowered to Neutral from Overweight, with its price target slashed to $13 from $19. Despite appreciation for Rivian's VW joint venture, analysts see few growth catalysts before the R2 launch in 2026.
Stellantis saw an even sharper cut, with Piper dropping its target from $23 to $13, warning of a triple-whammy of policy risks affecting the automaker in 2025.
Ford's price target was reduced from $13 to $9, as Piper flagged concerns over cash flow being used to cover warranty campaigns and failed EV launches. However, General Motors got a slight upgrade, with its price target increased from $45 to $48, as Piper expects buybacks and a low valuation to provide support.
Despite cutting its Tesla price target from $500 to $450, Piper reiterated its Overweight (Buy) rating, maintaining a bullish stance on EV adoption. The firm believes EV penetration in the West will mirror China's push toward 100% adoption and sees Tesla as undervalued based on its auto, energy, and self-driving businesses.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。