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

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) have been assigned a consensus rating of “Hold” from the twenty-seven research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.86.

Several equities analysts have recently commented on the company. Yorkville Ives started coverage on Rivian Automotive in a report on Tuesday, October 6th. They set an “outperform” rating and a $20.00 target price for the company. Needham & Company LLC reissued a “buy” rating on shares of Rivian Automotive in a report on Monday, August 10th. Cantor Fitzgerald restated a “neutral” rating on shares of Rivian Automotive in a research report on Monday, September 28th. UBS Group boosted their price objective on Rivian Automotive from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded Rivian Automotive from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th.

Key Rivian Automotive News

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

• Positive Sentiment: Rivian acquired UK-based Third Dimension AI, adding technology that converts real-world imagery into controllable 3D environments. The deal could accelerate synthetic-data generation, simulation and development of Rivian’s driver-assistance and self-driving systems. Rivian Acquires Third Dimension AI to Accelerate Autonomous Driving Development
• Positive Sentiment: Production increased sharply during the third quarter, while the R2 launch is supporting optimism that Rivian can achieve the lower end of its 65,000-to-70,000 vehicle delivery target for 2026. Higher volume could also improve purchasing leverage and reduce supplier costs for upcoming models. Rivian 2026 Delivery Target
• Neutral Sentiment: Rivian’s second-quarter revenue rose 27% year over year, and analysts have recently raised earnings estimates. However, the company must deliver a significant sequential increase in the fourth quarter to meet its annual guidance, making upcoming results a key catalyst. Rivian’s Key Third-Quarter Number
• Negative Sentiment: Investors remain concerned about Rivian’s revised Department of Energy loan. The facility was reduced from $6.57 billion to $4.5 billion and is important for funding the company’s second factory, creating uncertainty around expansion financing and execution. Rivian’s $4.5 Billion Loan
• Negative Sentiment: Rivian is expected to report another quarterly loss, and Zacks sees an unfavorable setup for an earnings beat. Weakness across EV stocks following Tesla’s reduced long-term sales outlook also added sector-wide pressure. Rivian Earnings Expectations

Rivian Automotive Price Performance

NASDAQ RIVN opened at $12.06 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87. Rivian Automotive has a one year low of $11.97 and a one year high of $22.69. The company has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $15.67.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings data on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned ($0.97) earnings per share. Rivian Automotive’s quarterly revenue was up 27.2% on a year-over-year basis. Equities analysts forecast that Rivian Automotive will post -2.94 earnings per share for the current year.

Insiders Place Their Bets

In other 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 completion of the transaction, 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 sale was disclosed in a legal 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 dated 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 represents a 0.97% 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 sold 51,167 shares of company stock worth $788,306 over the last quarter. 1.48% of the stock is currently owned by company insiders.

Institutional Trading of Rivian Automotive

Several hedge funds have recently bought and sold shares of RIVN. Dimensional Fund Advisors LP grew its position in Rivian Automotive by 0.3% in 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 during the last quarter. Alpine Global Management LLC increased its stake in shares of Rivian Automotive by 0.7% in the fourth quarter. Alpine Global Management LLC now owns 2,628,299 shares of the electric vehicle automaker’s stock valued at $51,804,000 after purchasing an additional 17,564 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Rivian Automotive in the second quarter valued at approximately $49,915,000. Hsbc Holdings PLC increased its stake in shares of Rivian Automotive by 55.8% in the first quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after purchasing an additional 1,109,171 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Rivian Automotive by 8.2% during the first 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 during the last quarter. 66.25% of the stock is currently owned by institutional investors.

About Rivian Automotive

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.