Rivian Automotive (NASDAQ:RIVN) Price Target Raised to $22.00

Rivian Automotive (NASDAQ:RIVN) had its price target upped by Canaccord Genuity Group from $21.00 to $22.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the electric vehicle automaker’s stock.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company upped their price target on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. UBS Group upgraded shares of Rivian Automotive from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $16.00 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. 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 report on Friday, February 13th. Finally, Bank of America began coverage on Rivian Automotive in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.05.

Rivian Automotive Price Performance

RIVN opened at $14.91 on Friday. 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 simple moving average is $15.70 and its 200 day simple moving average is $15.86. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of -4.86 and a beta of 1.74. Rivian Automotive has a 1 year low of $10.36 and a 1 year high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.14. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted ($0.70) earnings per share. The business’s revenue was down 25.8% on a year-over-year basis. As a group, analysts predict that Rivian Automotive will post -3.2 earnings per share for the current year.

Insider Buying and Selling at Rivian Automotive

In other news, CFO Claire Mcdonough sold 27,133 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $455,834.40. Following the completion of the sale, the chief financial officer directly owned 680,836 shares of the company’s stock, valued at approximately $11,438,044.80. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Scaringe sold 34,900 shares of Rivian Automotive 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 directly owned 1,044,731 shares in the company, valued at $17,551,480.80. The trade was a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 149,283 shares of company stock valued at $2,570,949 over the last 90 days. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RIVN. Illinois Municipal Retirement Fund lifted its stake in shares of Rivian Automotive by 1.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock valued at $853,000 after purchasing an additional 686 shares during the period. Merit Financial Group LLC boosted its position in shares of Rivian Automotive by 3.2% during the fourth quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock valued at $456,000 after purchasing an additional 718 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Rivian Automotive by 36.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock worth $54,000 after purchasing an additional 739 shares during the period. Utah Retirement Systems raised its holdings in Rivian Automotive by 0.6% in the fourth quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock worth $2,533,000 after purchasing an additional 744 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its holdings in Rivian Automotive by 5.7% in the fourth quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker’s stock worth $277,000 after purchasing an additional 753 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Rivian Automotive News Roundup

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

• Positive Sentiment: Uber agreed to invest up to $1.25 billion and commit to buying thousands of R2 robotaxis (initial phase: 10,000 with options for many more), giving Rivian a material commercial partner and potential multi‑year revenue pipeline tied to autonomy. BusinessWire: Uber and Rivian Partner
• Positive Sentiment: Uber is deploying initial funding (reported ~$300M up front) and the deal ties additional payments and vehicle purchase options to autonomy milestones — a de‑risked funding path for Rivian’s costly self‑drive buildout. Yahoo Finance: Uber Invests $300M
• Positive Sentiment: Analysts are leaning more bullish on Rivian’s pivot to the lower‑priced R2 and autonomy strategy; a few firms raised price targets or reiterated buys, supporting upside expectations into the R2 rollout. Seeking Alpha: Analysts on Uber Partnership
• Neutral Sentiment: Immediate market reaction: the stock initially spiked on the Uber deal but has seen rapid profit‑taking and choppy intraday trading as investors parse timing, milestones and execution risk. Invezz: Volatility After Uber Deal
• Negative Sentiment: Rivian disclosed it’s spending heavily on autonomy and has pushed out its expected 2027 profitability goal, which raises near‑term cash‑burn and execution risk — a clear negative for short‑term earnings visibility. TechCrunch: Profit Goal Sacrificed
• Negative Sentiment: Insider selling: CEO RJ (Robert) Scaringe sold ~17,450 shares last week (filed with the SEC); while small relative to his stake, it can amplify short‑term downside or momentum selling. SEC Form 4: Scaringe Sale
• Negative Sentiment: Broader market pressure — geopolitical tensions and rising oil prices have pushed inflation and growth concerns into headlines today, prompting risk‑off flows that weighed on EV and growth names including RIVN. Yahoo Finance: Geopolitical Headwinds

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.