Rivian Automotive (NASDAQ:RIVN) Upgraded by DA Davidson to “Neutral” Rating

DA Davidson upgraded shares of Rivian Automotive (NASDAQ:RIVN) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat reports. DA Davidson currently has $14.00 target price on the electric vehicle automaker’s stock.

A number of other analysts have also recently commented on the stock. Morgan Stanley reissued an “underweight” rating and set a $12.00 target price on shares of Rivian Automotive in a research note on Monday, December 8th. Bank of America began coverage on Rivian Automotive in a report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Rivian Automotive from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft raised Rivian Automotive from a “hold” rating to a “buy” rating and increased their target price for the company from $16.00 to $23.00 in a report on Friday, February 13th. Finally, Wolfe Research downgraded Rivian Automotive from a “peer perform” rating to an “underperform” rating in a research report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Rivian Automotive has a consensus rating of “Hold” and an average price target of $18.05.

Rivian Automotive Price Performance

Rivian Automotive stock opened at $14.94 on Wednesday. The stock has a market capitalization of $18.54 billion, a P/E ratio of -4.87 and a beta of 1.69. The company’s fifty day moving average price is $15.37 and its 200 day moving average price is $15.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33. Rivian Automotive has a 1 year low of $10.36 and a 1 year high of $22.69.

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

Insider Activity

In related news, CFO Claire Mcdonough sold 27,133 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $455,834.40. Following the transaction, the chief financial officer directly owned 680,836 shares in the company, valued at approximately $11,438,044.80. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Scaringe sold 34,900 shares of the company’s 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 of the company’s stock, valued at approximately $17,551,480.80. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 131,833 shares of company stock worth $2,196,995. Insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new stake in shares of Rivian Automotive in the fourth quarter valued at approximately $27,000. SOA Wealth Advisors LLC. boosted its stake in Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Rivian Automotive during the fourth quarter worth $33,000. Glass Jacobson Investment Advisors llc grew its holdings in Rivian Automotive by 96.3% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after buying an additional 852 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in Rivian Automotive by 113.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after buying an additional 1,000 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.

More Rivian Automotive News

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

• Positive Sentiment: Also (Rivian spinoff) secured a multi-year partnership with DoorDash, including investment and DoorDash taking a board observer role — a validation of Rivian’s autonomy roadmap and potential pathway to recurring revenue beyond vehicle sales. Rivian’s Also DoorDash Deal Tests Autonomy Platform Beyond Vehicle Sales
• Positive Sentiment: Also raised $200M in a funding round tied to the DoorDash agreement and was reported valued near $1B, boosting funding and scale for purpose-built autonomous delivery EVs that leverage Rivian-derived tech. Rivian spinoff Also will build autonomous delivery vehicles for DoorDash
• Positive Sentiment: Volkswagen’s reported $1B investment in Rivian is a major strategic endorsement and capital infusion that supports production scale and partnership optionality. We’re accelerating toward the future,’ VW CEO says after $1B investment in Rivian
• Positive Sentiment: Analysts reaffirming buy ratings after partnerships (e.g., Uber cooperation) signal upside scenarios if Rivian executes on fleet deployments and commercial partnerships. Analysts Reaffirm Buy on Rivian (RIVN) After Uber Deal
• Neutral Sentiment: General intraday coverage notes the shares moving on the above developments and analyst commentary; this reflects market noise as investors weigh long-term optionality vs. near-term fundamentals. Rivian stock is climbing higher today: What’s going on?
• Negative Sentiment: DA Davidson upgraded RIVN to Neutral from Underperform but set a $14 price target — below current levels — signaling limited upside and encouraging caution among investors. DA Davidson Upgrades Rivian From Underperform — Here’s What Still Has to Go Right
• Negative Sentiment: Coverage noting that an upgrade doesn’t make Rivian a buy underscores ongoing concerns: negative margins, shrinking revenue year-over-year, and the company’s dependence on successful execution and partner monetization. (Recent quarter showed revenue decline and continued losses.)
• Negative Sentiment: Some headlines framing the upgrade as a reason the stock “dropped on upgrade” emphasize that analyst moves can trigger short-term selling when targets imply downside or only marginal improvement. Rivian Stock Drops on Upgrade. Why It Isn’t a Buy.

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.