UBS Group upgraded shares of Rivian Automotive (NASDAQ:RIVN – Free Report) from a neutral rating to a buy rating in a report released on Monday morning, MarketBeat reports. They currently have $17.00 target price on the electric vehicle automaker’s stock.
A number of other equities research analysts also recently weighed in on the company. Piper Sandler raised Rivian Automotive from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a report on Monday, July 27th. Jefferies Financial Group raised Rivian Automotive from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Friday, October 30th. Citigroup initiated coverage on Rivian Automotive in a research report on Monday, September 14th. They set a “hold” rating and a $18.00 price objective for the company. BNP Paribas Exane raised their price objective on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada raised their price objective on Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.50.
Check Out Our Latest Report on Rivian Automotive
Rivian Automotive Stock Performance
NASDAQ RIVN opened at $14.06 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.70 and a debt-to-equity ratio of 0.78. The firm’s 50 day simple moving average is $14.33 and its 200 day simple moving average is $15.43. Rivian Automotive has a 1 year low of $11.38 and a 1 year high of $22.69.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last announced its quarterly earnings data 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. Rivian Automotive had a negative net margin of 45.88% and a negative return on equity of 69.68%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm posted ($1.08) earnings per share. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. On average, equities analysts expect that Rivian Automotive will post -2.89 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Rivian Automotive news, insider Michael John Callahan sold 15,000 shares of the business’s stock in a transaction 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 sale, the insider owned 1,001,776 shares of the company’s stock, valued at approximately $15,026,640. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the company’s stock in a transaction 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 transaction, the chief financial officer owned 819,178 shares of the company’s stock, valued at $13,106,848. This trade represents a 0.97% decrease in their ownership of the stock. 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 sold 51,167 shares of company stock worth $788,306 in the last 90 days. Company insiders own 1.48% of the company’s stock.
Institutional Investors Weigh In On Rivian Automotive
Several hedge funds have recently modified their holdings of RIVN. Independent Financial Group LLC bought a new position in Rivian Automotive during the 1st quarter worth $985,000. Baird Financial Group Inc. grew its position in shares of Rivian Automotive by 163.9% in the 2nd quarter. Baird Financial Group Inc. now owns 289,693 shares of the electric vehicle automaker’s stock valued at $5,026,000 after buying an additional 179,913 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Rivian Automotive by 34.9% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 348,800 shares of the electric vehicle automaker’s stock valued at $5,249,000 after buying an additional 90,200 shares during the last quarter. Mizuho Markets Americas LLC grew its position in shares of Rivian Automotive by 16.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 683,024 shares of the electric vehicle automaker’s stock valued at $10,280,000 after buying an additional 94,840 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Rivian Automotive in the second quarter valued at about $49,915,000. Institutional investors and hedge funds own 66.25% of the company’s stock.
Key Rivian Automotive News
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: UBS upgraded Rivian to Buy, supporting the shares. Rivian Automotive Stock Rating Upgraded by UBS Group
- Positive Sentiment: A post-election market rally lifted Rivian and other EV stocks, though reports noted there was no new Rivian-specific news behind the gains. Rivian Gains as Markets Rally After Midterms
- Positive Sentiment: Recent momentum has also been supported by Rivian’s higher 2026 delivery outlook of 67,000–70,000 vehicles, with the R2 expected to drive much of the growth. Rivian Raised Its Delivery Guidance
- Negative Sentiment: Analysts have also trimmed fair-value estimates while reassessing expectations for the R2 production ramp, and some firms have cut price targets—potentially limiting upside if execution falls short. Rivian Fair Value Trimmed as Analysts Rework R2 Ramp Expectations
Rivian Automotive Company Profile
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.
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