Rivian Automotive, Inc. (NASDAQ:RIVN) Receives Consensus Recommendation of “Hold” from Brokerages

Rivian Automotive, Inc. (NASDAQ:RIVN) has been given a consensus recommendation of “Hold” by the twenty-seven analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.5714.

RIVN has been the topic of several research reports. Bank of America assumed coverage on shares of Rivian Automotive in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $23.00 price target on shares of Rivian Automotive in a research note on Wednesday. BNP Paribas Exane restated an “outperform” rating and set a $22.00 price target (down from $23.00) on shares of Rivian Automotive in a research note on Friday, May 1st. Benchmark restated a “buy” rating and set a $25.00 price target on shares of Rivian Automotive in a research note on Friday, May 1st. Finally, Stifel Nicolaus upped their price target on shares of Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th.

Rivian Automotive News Summary

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

• Positive Sentiment: Rivian began customer deliveries of its R2 SUV, a milestone that supports the company’s push into the mass market and has renewed investor optimism about future demand. Is Rivian Stock A Buy Now? Inside The R2 SUV Delivery Milestone And 2026 Guidance
• Positive Sentiment: Analysts and market commentary suggest the R2 launch could help challenge the view that U.S. consumers are “anti-EV,” since Rivian may now offer a more compelling and accessible vehicle choice. Rivian CEO Says Americans Aren’t Anti-EV, There’s Just ‘Few Great Choices’: How R2 Launch Could Help
• Neutral Sentiment: AT&T expanded its partnership with Rivian to provide 5G connectivity for the R2 platform, which supports the vehicle’s software-defined features but is not a major near-term financial catalyst on its own. AT&T (T) Expands Partnership With Rivian (RIVN) to Provide 5G Connectivity for R2 Platform
• Neutral Sentiment: Several analyst-focused pieces are highlighting Rivian’s valuation and the importance of the R2 launch, reinforcing that the stock is being driven by expectations around execution rather than immediate earnings results. Rivian (RIVN) Stock Valuation After R2 SUV Deliveries And Growing Profitability Concerns
• Negative Sentiment: Despite the R2 excitement, concerns remain about slowing revenue growth, profitability, and recent stock volatility, which could limit upside if deliveries or margins disappoint. Why Rivian Automotive (RIVN) Dipped More Than Broader Market Today

Insider Buying and Selling

In related news, CFO Claire Mcdonough sold 8,023 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the sale, the chief financial officer directly owned 887,007 shares in the company, valued at approximately $14,192,112. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $522,270.00. Following the transaction, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. This represents a 3.64% decrease in their position. 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 have 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Rivian Automotive

Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Rivian Automotive by 4.0% during the first quarter. Parallel Advisors LLC now owns 16,056 shares of the electric vehicle automaker’s stock valued at $242,000 after acquiring an additional 613 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in 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 worth $853,000 after buying an additional 686 shares in the last quarter. Merit Financial Group LLC grew its stake in Rivian Automotive by 3.2% in the 4th quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock worth $456,000 after buying an additional 718 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Rivian Automotive by 36.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock worth $54,000 after buying an additional 739 shares in the last quarter. Finally, Utah Retirement Systems grew its stake in Rivian Automotive by 0.6% in the 4th quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock worth $2,533,000 after buying an additional 744 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Rivian Automotive Stock Performance

Shares of RIVN stock opened at $16.76 on Friday. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of -5.74 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10. Rivian Automotive has a 52 week low of $11.57 and a 52 week high of $22.69. The firm’s 50-day simple moving average is $15.55 and its two-hundred day simple moving average is $16.37.

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.