Rivian Automotive (NASDAQ:RIVN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Rivian Automotive (NASDAQ:RIVN) had its price target raised by equities researchers at Wells Fargo & Company from $15.00 to $16.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the electric vehicle automaker’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 1.45% from the company’s current price.

Other equities analysts also recently issued reports about the stock. BNP Paribas Exane lifted their target price on shares of Rivian Automotive from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Piper Sandler raised shares of Rivian Automotive from a “neutral” rating to an “overweight” rating and increased their price target for the company from $18.00 to $20.00 in a research note on Monday. DA Davidson raised their price target on shares of Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. TD Cowen reaffirmed a “buy” rating and set a $20.00 price target on shares of Rivian Automotive in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.00.

Rivian Automotive Trading Down 6.3%

Shares of NASDAQ RIVN traded down $1.06 during trading on Friday, hitting $15.77. 17,140,108 shares of the company were exchanged, compared to its average volume of 31,425,805. The company has a fifty day moving average price of $16.56 and a 200-day moving average price of $15.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10. The firm has a market capitalization of $21.47 billion, a PE ratio of -5.41 and a beta of 1.60. Rivian Automotive has a 12-month low of $11.57 and a 12-month high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. Rivian Automotive’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts expect that Rivian Automotive will post -3.06 EPS for the current year.

Insider Buying and Selling

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,818 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of the transaction, the chief executive officer owned 922,286 shares of the company’s stock, valued at $13,834,290. This trade represents a 3.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director owned 110,000 shares of the company’s stock, valued at approximately $2,200,000. This trade represents a 15.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,385 shares of company stock valued at $1,125,094 in the last ninety days. Company insiders own 1.48% of the company’s stock.

Institutional Trading of Rivian Automotive

Several hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its holdings in Rivian Automotive by 2.1% in the second quarter. Handelsbanken Fonder AB now owns 270,800 shares of the electric vehicle automaker’s stock valued at $4,698,000 after purchasing an additional 5,600 shares during the period. Valeo Financial Advisors LLC increased its holdings in Rivian Automotive by 6.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 25,887 shares of the electric vehicle automaker’s stock worth $449,000 after purchasing an additional 1,642 shares during the period. Assenagon Asset Management S.A. raised its position in Rivian Automotive by 2.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 56,758 shares of the electric vehicle automaker’s stock valued at $985,000 after purchasing an additional 1,134 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Rivian Automotive in the 1st quarter valued at about $179,000. Finally, Rathbones Group PLC purchased a new position in shares of Rivian Automotive in the 1st quarter valued at about $237,000. 66.25% of the stock is currently owned by institutional investors and hedge funds.

More Rivian Automotive News

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

• Positive Sentiment: Rivian reported second-quarter revenue of $1.66 billion, up 27.2% year over year and above the roughly $1.52 billion consensus estimate. Adjusted results also exceeded expectations, with a loss of $0.47 per share versus forecasts for a $0.66 loss and a $0.97 loss a year earlier. Reuters Rivian earnings article
• Positive Sentiment: The launch of the R2 SUV is emerging as a key growth catalyst. Rivian began external deliveries in June, said demand and conversion rates for the launch edition are exceeding internal expectations, and noted that the model is attracting former Tesla owners and new electric-vehicle buyers. Stocktwits R2 demand article
• Positive Sentiment: Management raised its full-year delivery outlook while maintaining a target of approximately 65,000 to 70,000 vehicles, and reduced planned 2026 spending. Rivian also reported narrowing automotive losses and 37% growth in software revenue, helped by its Volkswagen partnership. CNBC Rivian earnings article
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $23 price target, implying substantial upside from the current reference price of $16.83. Benzinga analyst rating article
• Neutral Sentiment: Rivian’s CEO said Chinese EV manufacturers remain difficult competitors because of significantly lower capital costs, underscoring the structural pricing and efficiency challenges facing the company. Benzinga Chinese EV competition article
• Negative Sentiment: Despite operational improvement, Rivian remains deeply unprofitable, and its R2 production ramp must continue smoothly for the company to reach sustainable margins. Analysts also continue to flag broader U.S. EV demand headwinds and the expiration of consumer tax credits.

Rivian Automotive Company Profile

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.