Rivian Automotive (NASDAQ:RIVN) Upgraded at DA Davidson

DA Davidson upgraded shares of Rivian Automotive (NASDAQ:RIVN) from an underperform rating to a neutral rating in a research report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $14.00 target price on the electric vehicle automaker’s stock.

RIVN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and increased their target price for the stock from $16.00 to $23.00 in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rivian Automotive in a research note on Thursday, January 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 price objective on shares of Rivian Automotive in a report on Tuesday, March 3rd. Wolfe Research cut Rivian Automotive from a “peer perform” rating to an “underperform” rating in a research report on Monday, January 12th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Rivian Automotive in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rivian Automotive presently has a consensus rating of “Hold” and an average price target of $18.05.

Rivian Automotive Stock Performance

NASDAQ:RIVN opened at $15.40 on Wednesday. The stock has a market cap of $19.11 billion, a PE ratio of -5.02 and a beta of 1.69. Rivian Automotive has a fifty-two week low of $10.36 and a fifty-two week high of $22.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89. The stock’s 50-day moving average is $15.34 and its two-hundred day moving average is $15.93.

Rivian Automotive (NASDAQ:RIVN) last posted its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.14. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The firm’s revenue was down 25.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.70) earnings per share. As a group, equities research analysts forecast that Rivian Automotive will post -3.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rivian Automotive news, CFO Claire Mcdonough sold 27,133 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $455,834.40. Following the completion of the transaction, the chief financial officer owned 680,836 shares of the company’s stock, valued at $11,438,044.80. The trade was a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Scaringe sold 34,900 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $586,320.00. Following the sale, the chief executive officer owned 1,044,731 shares of the company’s stock, valued at $17,551,480.80. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 152,097 shares of company stock worth $2,500,955 over the last quarter. 2.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rivian Automotive

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in Rivian Automotive by 227.0% during the third quarter. Farther Finance Advisors LLC now owns 117,096 shares of the electric vehicle automaker’s stock worth $1,719,000 after acquiring an additional 81,291 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Rivian Automotive by 244.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,624,707 shares of the electric vehicle automaker’s stock valued at $23,851,000 after purchasing an additional 1,152,551 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Rivian Automotive by 211.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 265,600 shares of the electric vehicle automaker’s stock valued at $3,899,000 after purchasing an additional 180,200 shares during the period. New York State Common Retirement Fund grew its position in Rivian Automotive by 36.4% in the 3rd quarter. New York State Common Retirement Fund now owns 597,353 shares of the electric vehicle automaker’s stock worth $8,769,000 after purchasing an additional 159,400 shares during the last quarter. Finally, DNB Asset Management AS grew its position in Rivian Automotive by 85.4% in the 3rd quarter. DNB Asset Management AS now owns 728,262 shares of the electric vehicle automaker’s stock worth $10,691,000 after purchasing an additional 335,511 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

More Rivian Automotive News

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

• Positive Sentiment: Rivian reported Q1 production of 10,236 and deliveries of 10,365 vehicles, beating Street delivery estimates and reaffirming full‑year 2026 guidance of 62k–67k vehicles — evidence demand is stabilizing and management is sticking to its plan. Rivian Releases Q1 2026 Production and Delivery Figures
• Positive Sentiment: Coverage highlighting Rivian outpacing Tesla on this specific delivery metric and commentary that the company is undervalued helped some investors view the beat as a validation of the turnaround thesis. Tesla Stumbles As Rivian Gains Q1 Edge
• Positive Sentiment: Rivian’s ecosystem benefits: a Rivian spinoff (Also) closed a $200M Series C with DoorDash partnership — potentially broadening long‑term commercial/autonomy opportunities around Rivian tech and supply chain. Rivian spinout EV start-up raises $200m
• Neutral Sentiment: DA Davidson upgraded RIVN from Underperform to Neutral — an improved tone but with a modest price target that implies limited near‑term upside; helpful for sentiment but not a strong buy signal. DA Davidson Upgrade
• Negative Sentiment: CEO Robert Scaringe sold 20,264 shares (~$304k) under a pre‑arranged Rule 10b5‑1 plan; while disclosed as pre‑planned, insider selling can create short‑term investor concern about insider conviction. Insider Sale: Robert Scaringe
• Negative Sentiment: Some reports flagged that U.S. monthly sales declined for the fourth straight month ahead of the upcoming R2 launch — a reminder demand recovery remains uneven despite the quarterly beat. US sales decline for fourth consecutive month
• Negative Sentiment: Despite the delivery beat, the stock fell with EV peers on the day — indicating valuation and macro/sector rotation pressures likely capped upside from the operational beat. Rivian tops delivery estimates, sticks to 2026 outlook

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.