Rivian Automotive, Inc. (NASDAQ:RIVN) Stock Has Consensus Price Target of $19.00 According to Analysts

Rivian Automotive, Inc. (NASDAQ:RIVN) has received a consensus recommendation of “Hold” from the twenty-eight brokerages that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.00.

Several analysts have issued reports on RIVN shares. Citigroup initiated coverage on shares of Rivian Automotive in a research note on Monday, September 14th. They set a “hold” rating and a $18.00 target price on the stock. BNP Paribas Exane increased their target price on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Piper Sandler raised Rivian Automotive from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $20.00 in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft downgraded Rivian Automotive from a “buy” rating to an “underperform” rating in a report on Tuesday, August 4th. Finally, TD Cowen lifted their price target on Rivian Automotive from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, July 31st.

Insider Activity

In other Rivian Automotive news, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider owned 1,001,776 shares of the company’s stock, valued at $15,026,640. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 dated Thursday, August 20th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the transaction, the chief financial officer directly owned 819,178 shares in the company, valued at approximately $13,106,848. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 51,167 shares of company stock valued at $788,306. Company insiders own 1.48% of the company’s stock.

Institutional Trading of Rivian Automotive

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Rivian Automotive by 0.3% during the 1st 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 in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Rivian Automotive by 55.8% during the 1st quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after buying an additional 1,109,171 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Rivian Automotive during the 2nd quarter valued at about $49,915,000. Alpine Global Management LLC grew its stake in shares of Rivian Automotive by 0.7% in the 4th quarter. Alpine Global Management LLC now owns 2,628,299 shares of the electric vehicle automaker’s stock valued at $51,804,000 after buying an additional 17,564 shares in the last quarter. Finally, Swiss National Bank grew its stake 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 buying an additional 176,500 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

Rivian Automotive Price Performance

RIVN stock opened at $12.42 on Friday. Rivian Automotive has a 52-week low of $12.36 and a 52-week high of $22.69. The company’s 50 day simple moving average is $15.27 and its 200-day simple moving average is $15.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. The firm has a market capitalization of $17.98 billion, a P/E ratio of -4.81 and a beta of 1.62.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.03. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.97) EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts anticipate that Rivian Automotive will post -2.95 EPS for the current year.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Cantor maintained its $19 price target for Rivian, implying meaningful upside from current levels and signaling that the firm’s outlook remains intact despite recent share-price weakness. Cantor keeps USD 19.00 target for Rivian stock
• Positive Sentiment: Rivian expanded its battery-lifecycle partnership with Redwood Materials. Redwood will collect retired battery packs from Rivian’s U.S. service network, supporting recycling, materials recovery and potential energy-storage initiatives while helping strengthen the company’s sustainability credentials. Rivian, Redwood Materials broaden battery lifecycle agreement
• Positive Sentiment: The upcoming lower-priced R2 SUV is the main growth catalyst. Coverage highlighted its affordability, Tesla Supercharger compatibility and software features. A successful launch and production ramp at Rivian’s Illinois plant could broaden demand beyond the company’s premium-vehicle customer base. What Is Rivian Building That Investors Should Watch?
• Neutral Sentiment: Rivian is adding an in-car AI assistant and expects its vehicles eventually to support third-party AI agents, including technology from companies such as Anthropic. The feature may improve differentiation, but its near-term financial impact is uncertain. AI agents are coming to Rivian’s cars
• Negative Sentiment: Sell-side brokerages collectively rate RIVN “Hold,” reflecting limited conviction that the company’s near-term risk-reward profile warrants a Buy rating. Rivian Automotive Stock Rated Hold by Sell-Side Brokerages
• Negative Sentiment: Rivian’s stock has endured an extended losing streak and has fallen sharply over the past three months. Investors remain concerned about continued operating losses, with analysts expecting another sizable annual loss despite improving revenue and narrower quarterly losses. Rivian on track to log losses for seventh straight session

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.