Rivian Automotive (NASDAQ:RIVN) Shares Up 5.8% Following Analyst Upgrade

Rivian Automotive, Inc. (NASDAQ:RIVN)’s share price rose 5.8% on Monday after Canaccord Genuity Group raised their price target on the stock from $21.00 to $22.00. Canaccord Genuity Group currently has a buy rating on the stock. Rivian Automotive traded as high as $16.32 and last traded at $15.77. Approximately 37,267,279 shares traded hands during trading, an increase of 17% from the average daily volume of 31,805,371 shares. The stock had previously closed at $14.91.

A number of other equities research analysts also recently commented on the company. Wolfe Research downgraded Rivian Automotive from a “peer perform” rating to an “underperform” rating in a report on Monday, January 12th. Cantor Fitzgerald reissued a “neutral” rating on shares of Rivian Automotive in a research report on Monday, February 9th. The Goldman Sachs Group lifted their price objective on shares of Rivian Automotive from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. TD Cowen raised shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $20.00 in a report on Tuesday, March 10th. Finally, Bank of America started coverage on shares of Rivian Automotive in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, Rivian Automotive has an average rating of “Hold” and an average price target of $18.05.

Insider Activity at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total value of $586,320.00. Following the sale, the chief executive officer owned 1,044,731 shares in the company, valued at approximately $17,551,480.80. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Claire Mcdonough sold 27,133 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total transaction of $455,834.40. Following the sale, the chief financial officer directly owned 680,836 shares in the company, valued at $11,438,044.80. The trade was a 3.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 131,833 shares of company stock valued at $2,196,995. 2.16% of the stock is owned by company insiders.

Rivian Automotive News Summary

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

• Positive Sentiment: Uber robotaxi partnership gives Rivian a committed large‑scale customer and potential funding runway — up to $1.25B in milestone‑based investment and an initial order for 10,000 R2 robotaxis (option to expand). Big upside if milestones and deployment succeed; however, outcomes are conditional. Rivian’s $1.25 Billion Uber Robotaxi Deal Looks Like A Big Win—But Some Analysts Say It’s Actually A High-Stakes ‘Test’
• Positive Sentiment: Strategic pivot toward a mass‑market R2 SUV and higher‑margin software/autonomy could materially expand addressable market and improve long‑term margins if Rivian executes the ramp and monetizes software/services. Analyst upgrades and growing bullish coverage are reflecting this narrative. Rivian’s Making a Big Pivot, and the Results Could Be Huge
• Positive Sentiment: Analyst sentiment is warming: a recent price‑target raise to $22 signals increased bullishness from some corners of the sell‑side. Rivian Automotive (NASDAQ:RIVN) Price Target Raised to $22.00
• Neutral Sentiment: Comparisons to Tesla highlight different scale and margin paths — useful context for investors but not a direct catalyst; the piece frames upside potential if Rivian’s R2 challenges Tesla’s Model Y over the next several years. Tesla vs. Rivian: Which Stock Will Outperform The Market In 2026
• Negative Sentiment: Execution risk and near‑term financial pressure remain material: ramping a lower‑priced model, heavy R&D for autonomy, and milestone‑contingent investments could delay adjusted EBITDA targets and strain cash if production/technology timelines slip. Rivian, Uber stocks struggle, but robotaxi deal could change the story
• Negative Sentiment: Some analysts and commentators call the Uber deal a “high‑stakes test” — the partnership is large but conditional, so failure to hit milestones would remove a major validation and funding source. Rivian’s $1.25 Billion Uber Robotaxi Deal Looks Like A Big Win—But Some Analysts Say It’s Actually A High-Stakes ‘Test’

Institutional Trading of Rivian Automotive

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Rivian Automotive by 28.0% in the fourth quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker’s stock worth $235,000 after acquiring an additional 3,864 shares during the period. AQR Capital Management LLC grew its position in shares of 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 valued at $4,733,000 after acquiring an additional 5,590 shares during the period. Empowered Funds LLC increased its stake in shares of Rivian Automotive by 10.1% in the 1st quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker’s stock valued at $679,000 after purchasing an additional 4,998 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Rivian Automotive by 29.0% in the 1st quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker’s stock valued at $803,000 after purchasing an additional 14,497 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Rivian Automotive by 57.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker’s stock worth $64,000 after purchasing an additional 1,856 shares during the period. 66.25% of the stock is owned by hedge funds and other institutional investors.

Rivian Automotive Stock Up 5.8%

The company has a market cap of $19.57 billion, a price-to-earnings ratio of -5.14 and a beta of 1.74. The business has a fifty day moving average of $15.63 and a two-hundred day moving average of $15.87. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.14. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.Rivian Automotive’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same period last year, the company earned ($0.70) earnings per share. As a group, equities analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

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.