Rivian Automotive (NASDAQ:RIVN) Given “Buy” Rating at TD Cowen

TD Cowen reiterated their buy rating on shares of Rivian Automotive (NASDAQ:RIVN) in a report issued on Wednesday morning,Benzinga reports. TD Cowen currently has a $20.00 target price on the electric vehicle automaker’s stock.

Other research analysts have also issued reports about the company. UBS Group upgraded Rivian Automotive from a “sell” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $16.00 in a research report on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Rivian Automotive in a research report on Friday, May 1st. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Rivian Automotive in a research report on Friday, May 1st. Wells Fargo & Company increased their price objective on Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, Piper Sandler decreased their price objective on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.57.

Rivian Automotive Trading Up 5.7%

RIVN stock opened at $18.27 on Wednesday. The business has a fifty day moving average price of $15.39 and a 200 day moving average price of $16.31. Rivian Automotive has a fifty-two week low of $11.57 and a fifty-two week high of $22.69. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of -6.26 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64.

Insider Buying and Selling at Rivian Automotive

In other news, CFO Claire Mcdonough sold 10,245 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $18.00, for a total value of $184,410.00. Following the transaction, the chief financial officer directly owned 946,814 shares in the company, valued at $17,042,652. This trade represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of the transaction, the chief executive officer owned 922,286 shares in the company, valued at $13,834,290. This represents a 3.64% 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. Insiders sold a total of 117,790 shares of company stock worth $1,832,466 over the last 90 days. 1.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Rivian Automotive by 28.0% during the 4th quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker’s stock worth $235,000 after buying an additional 3,864 shares during the period. AQR Capital Management LLC raised its stake in Rivian Automotive by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 386,384 shares of the electric vehicle automaker’s stock worth $4,733,000 after buying an additional 5,590 shares during the period. Empowered Funds LLC raised its stake in Rivian Automotive by 10.1% during the 1st quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker’s stock worth $679,000 after buying an additional 4,998 shares during the period. Focus Partners Wealth raised its stake in Rivian Automotive by 29.0% during the 1st quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker’s stock worth $803,000 after buying an additional 14,497 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Rivian Automotive by 57.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker’s stock worth $64,000 after buying an additional 1,856 shares during the period. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive News Roundup

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

• Positive Sentiment: Rivian said its core technology has already been integrated across multiple Volkswagen Group brands, and the CFO suggested that success makes future licensing deals with other automakers easier to pursue, which could create a higher-margin revenue stream. Article Title
• Positive Sentiment: Investor enthusiasm is being fueled by strong early interest in Rivian’s R2 SUV, with reports that demand could be robust ahead of deliveries, reinforcing hopes that the new model can expand volume and improve the company’s growth outlook. Article Title
• Positive Sentiment: TD Cowen reiterated a Buy rating and a $20 price target, signaling continued analyst confidence after the recent rally. Article Title
• Positive Sentiment: Coverage noted that Rivian’s R2 SUV matches Tesla’s efficiency and may beat the Model Y on range, which supports the bullish case that Rivian’s next-generation product can compete more effectively in the mass-market EV segment. Article Title
• Neutral Sentiment: Rivian presented at two investor conferences, which typically keeps the stock in focus but does not by itself indicate a major fundamental change. Article Title
• Neutral Sentiment: Uber’s large investment in Nuro and its robotaxi partnerships highlight growing interest in autonomous vehicles, and Rivian was mentioned as one of Uber’s partners, but the direct financial impact on Rivian is still unclear. Article Title
• Negative Sentiment: Rivian CFO Claire McDonough sold stock in a pre-arranged trading plan, which may slightly temper sentiment even though the sale appears routine and not necessarily a signal of weakening fundamentals. Article Title

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.