Rivian Automotive (NASDAQ:RIVN) Given New $16.00 Price Target at Wells Fargo & Company

Rivian Automotive (NASDAQ:RIVN) had its target price increased by Wells Fargo & Company from $15.00 to $16.00 in a report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the electric vehicle automaker’s stock.

Several other research firms have also recently issued reports on RIVN. BNP Paribas Exane upped their price target on shares of Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $19.00 target price on shares of Rivian Automotive in a research report on Tuesday. Morgan Stanley increased their price target on shares of Rivian Automotive from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.95.

Rivian Automotive Stock Performance

Shares of RIVN opened at $15.22 on Friday. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $15.89. Rivian Automotive has a 52-week low of $11.57 and a 52-week high of $22.69. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of -5.90 and a beta of 1.60. The company has a quick ratio of 1.64, a current ratio of 2.10 and a debt-to-equity ratio of 1.00.

Rivian Automotive (NASDAQ:RIVN) last released its earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative return on equity of 75.57% and a negative net margin of 54.96%.The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted ($0.48) EPS. The business’s revenue was up 11.4% on a year-over-year basis. Analysts forecast that Rivian Automotive will post -3.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Rivian Automotive news, CFO Claire Mcdonough sold 8,023 shares of Rivian Automotive stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the completion of the transaction, the chief financial officer owned 887,007 shares of the company’s stock, valued at $14,192,112. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $522,270.00. Following the sale, the chief executive officer owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. The trade was a 3.64% 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 68,385 shares of company stock worth $1,125,094 over the last ninety days. 1.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Danske Bank A S lifted its holdings in Rivian Automotive by 36.8% in the fourth quarter. Danske Bank A S now owns 613,993 shares of the electric vehicle automaker’s stock worth $12,102,000 after acquiring an additional 165,300 shares during the last quarter. Trek Financial LLC bought a new position in shares of Rivian Automotive during the fourth quarter valued at approximately $6,115,000. Independent Financial Group LLC bought a new position in shares of Rivian Automotive during the first quarter valued at approximately $985,000. Swedbank AB raised its position in shares of Rivian Automotive by 8.6% during the 4th quarter. Swedbank AB now owns 941,304 shares of the electric vehicle automaker’s stock worth $18,553,000 after purchasing an additional 74,322 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings 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 worth $5,249,000 after purchasing an additional 90,200 shares during the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.

Key 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 approximately $1.52 billion analyst estimate. Its adjusted loss of $0.47 per share was narrower than the expected $0.65–$0.66 loss. Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
• Positive Sentiment: The company began customer deliveries of its lower-priced R2 SUV, said demand and conversion rates are exceeding internal expectations, and maintained its 65,000-to-70,000-vehicle delivery target while raising aspects of its full-year outlook. Management views R2 as important to future volume and profitability.
• Positive Sentiment: Rivian reduced its 2026 spending plans, narrowed its expected annual loss, and highlighted growth in its software business, including benefits from its Volkswagen partnership. Rivian reduces 2026 spending plans, narrows earnings guidance
• Positive Sentiment: Needham reaffirmed a Buy rating with a $23 price target, while TD Cowen raised its target to $21 and kept a Buy rating. Elevated call-option activity also suggests increased speculative interest.
• Neutral Sentiment: Analyst opinion remains divided. Royal Bank of Canada raised its target to $16 with a Sector Perform rating, Wells Fargo lifted its target to $16 with Equal Weight, and Morgan Stanley raised its target to $14 while retaining an Underweight rating.
• Negative Sentiment: The earnings beat did not resolve concerns about automotive margins, cash usage, and Rivian’s continuing large losses. The company remains unprofitable, and management acknowledged that Chinese EV manufacturers have significant cost and capital advantages.
• Negative Sentiment: Investors appear to be taking profits or reassessing valuation after the results, with broader EV-sector weakness adding pressure. The market is likely demanding evidence that the R2 ramp can translate into sustainable margins rather than merely higher deliveries.

About Rivian Automotive

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.