Rivian Automotive (NASDAQ:RIVN) Price Target Cut to $16.00 by Analysts at Cantor Fitzgerald

Rivian Automotive (NASDAQ:RIVN) had its price objective decreased by Cantor Fitzgerald from $19.00 to $16.00 in a research note published on Friday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the electric vehicle automaker’s stock.

A number of other research firms also recently commented on RIVN. Morgan Stanley boosted their price objective on Rivian Automotive from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Jefferies Financial Group upgraded Rivian Automotive from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Friday. BNP Paribas Exane raised their target price on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Citigroup began coverage on Rivian Automotive in a report on Monday, September 14th. They set a “hold” rating and a $18.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rivian Automotive in a report on Friday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.50.

Rivian Automotive Price Performance

Shares of NASDAQ:RIVN opened at $12.16 on Friday. The stock has a market cap of $17.61 billion, a price-to-earnings ratio of -5.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. Rivian Automotive has a 12 month low of $11.38 and a 12 month high of $22.69. The stock’s 50 day moving average price is $14.53 and its 200 day moving average price is $15.50.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.16. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. Rivian Automotive had a negative return on equity of 73.38% and a negative net margin of 45.88%. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the company posted ($1.08) EPS. Equities research analysts anticipate that Rivian Automotive will post -2.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael John Callahan sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 8,023 shares of Rivian Automotive stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the transaction, the chief financial officer owned 819,178 shares in the company, valued at approximately $13,106,848. This trade represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,167 shares of company stock valued at $788,306 over the last 90 days. 1.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rivian Automotive

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Rivian Automotive by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,438,776 shares of the electric vehicle automaker’s stock worth $111,896,000 after purchasing an additional 25,382 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Rivian Automotive by 55.8% during the first quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after purchasing an additional 1,109,171 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Rivian Automotive during the second quarter valued at $49,915,000. Swiss National Bank boosted its position in shares of Rivian Automotive by 8.2% in the 1st quarter. Swiss National Bank now owns 2,331,000 shares of the electric vehicle automaker’s stock valued at $35,082,000 after purchasing an additional 176,500 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Rivian Automotive by 22.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock worth $29,441,000 after purchasing an additional 356,540 shares in the last quarter. 66.25% of the stock is owned by institutional investors.

Trending Headlines about Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Rivian reported third-quarter revenue of approximately $2.15 billion, up 38.3% year over year and ahead of the roughly $2 billion analyst estimate. Its adjusted loss of $0.48 per share was narrower than the expected $0.64–$0.65 loss, supported by higher deliveries, software revenue and improved gross profit. Rivian third-quarter earnings beat estimates
• Positive Sentiment: The company raised its full-year outlook for vehicle deliveries, adjusted pre-tax earnings and capital expenditures. The R2 SUV became Rivian’s best-selling vehicle in the quarter, strengthening the investment case for its planned higher-volume, more affordable model. Rivian raises full-year guidance on Q3 revenue beat
• Positive Sentiment: Analyst sentiment included a Jefferies upgrade from Hold to Buy with a $17 target, while Piper Sandler maintained an Overweight rating and $20 target, arguing that the prior selloff had gone too far. Options activity was also bullish-leaning, with call volume 39% above typical levels. Piper Sandler’s $20 Target Says Rivian’s Selloff Went Too Far
• Neutral Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include an AI assistant and separately acquired Third Dimension AI to support driver-assistance technology. These initiatives could improve future software and autonomy revenue, although the near-term financial benefit remains unclear. Rivian expands joint venture with VW to include AI assistant
• Negative Sentiment: Analysts were not uniformly bullish: Cantor Fitzgerald cut its target from $19 to $16 and retained a Neutral rating, while Needham reduced its target from $23 to $18 despite keeping a Buy rating. Rivian also remains deeply unprofitable, with heavy cash burn and negative margins, leaving execution of the R2 ramp critical.

About Rivian Automotive

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.