Rivian Automotive (NASDAQ:RIVN) Given New $16.00 Price Target at Royal Bank Of Canada

Rivian Automotive (NASDAQ:RIVN) had its price objective hoisted by Royal Bank Of Canada from $14.00 to $16.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the electric vehicle automaker’s stock.

A number of other equities research analysts have also recently weighed in on RIVN. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 6th. Morgan Stanley increased their price objective on shares of Rivian Automotive from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday. Wells Fargo & Company lifted their target price on shares of Rivian Automotive from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group boosted their target price on Rivian Automotive from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.95.

Rivian Automotive Stock Down 9.6%

Shares of NASDAQ:RIVN opened at $15.22 on Friday. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of -5.90 and a beta of 1.60. Rivian Automotive has a 12-month low of $11.57 and a 12-month high of $22.69. The business has a 50-day moving average price of $16.58 and a 200 day moving average price of $15.89. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00.

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

Insiders Place Their Bets

In related news, CFO Claire Mcdonough sold 8,023 shares of the 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 transaction, the chief financial officer directly owned 887,007 shares of the company’s stock, valued at $14,192,112. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of Rivian Automotive 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 sale, the director owned 110,000 shares in the company, valued at $2,200,000. This represents a 15.38% 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. Over the last quarter, insiders have sold 68,385 shares of company stock valued at $1,125,094. 1.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rivian Automotive

Several hedge funds have recently made changes to their positions in the company. Core Wealth Advisors LLC purchased a new stake in shares of Rivian Automotive in the 4th quarter valued at about $27,000. SOA Wealth Advisors LLC. grew its stake in Rivian Automotive by 894.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Rivian Automotive during the 4th quarter worth approximately $33,000. Glass Jacobson Investment Advisors llc increased its position in Rivian Automotive by 96.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock worth $34,000 after buying an additional 852 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its stake in Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Key Headlines Impacting Rivian Automotive

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.