Rivian Automotive (NASDAQ:RIVN) Stock Price Up 3.1% on Analyst Upgrade

Rivian Automotive, Inc. (NASDAQ:RIVN)’s stock price traded up 3.1% during mid-day trading on Thursday after DA Davidson upgraded the stock from an underperform rating to a neutral rating. DA Davidson now has a $14.00 price target on the stock. Rivian Automotive traded as high as $15.48 and last traded at $15.40. 20,618,107 shares traded hands during trading, a decline of 32% from the average session volume of 30,397,297 shares. The stock had previously closed at $14.94.

Several other research analysts have also weighed in on the company. Bank of America initiated coverage on Rivian Automotive in a research report on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price target on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Rivian Automotive in a research report on Monday, February 9th. Evercore reiterated an “outperform” rating on shares of Rivian Automotive in a report on Monday, December 15th. The Goldman Sachs Group increased their price target on shares of Rivian Automotive from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Piper Sandler decreased their price target on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Rivian Automotive presently has an average rating of “Hold” and an average price target of $18.05.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 17,450 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $15.60, for a total value of $272,220.00. Following the transaction, the chief executive officer directly owned 1,042,848 shares of the company’s stock, valued at $16,268,428.80. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Claire Mcdonough sold 27,133 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total value of $455,834.40. Following the sale, the chief financial officer directly owned 680,836 shares of the company’s stock, valued at $11,438,044.80. This trade represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Q1 deliveries beat estimates — Rivian reported 10,365 vehicle deliveries and production of 10,236 units for Q1, topping analyst delivery estimates and aligning with company outlook; management also reaffirmed full‑year 2026 delivery guidance of 62,000–67,000 vehicles, giving investors visibility into the cadence for the year. Rivian Releases Q1 2026 Production and Delivery Figures
• Positive Sentiment: Delivery beat confirmed by multiple outlets — Reuters, Seeking Alpha and other news services reported the beat and noted stabilization in EV demand for Rivian’s R1S/R1T lineup, which supports the share price move as investors reward visible demand stabilization ahead of the R2 model debut. Rivian beats quarterly delivery estimates as EV demand stabilizes
• Positive Sentiment: Also (Rivian spinoff) secures strategic funding and DoorDash partnership — Also raised $200M in a Series C (Greenoaks lead) and struck a multi‑year deal with DoorDash to deploy autonomous last‑mile EVs; that strengthens Rivian’s ecosystem play and potential aftermarket/autonomy revenue pathways. Rivian’s Also DoorDash Deal Tests Autonomy Platform Beyond Vehicle Sales
• Neutral Sentiment: Analyst move is mixed — DA Davidson upgraded Rivian from Underperform to Neutral (citing valuation after the pullback) but set a $14 target that implies limited near‑term upside vs. the current price, so the upgrade isn’t a clear positive catalyst. DA Davidson Upgrades Rivian From Underperform
• Neutral Sentiment: Bullish valuation views surface — Some retail/analysis pieces (e.g., The Motley Fool) list Rivian as an undervalued EV name, which can support longer‑term inflows but is not an immediate catalyst. 2 EV Stocks That Are Too Cheap to Ignore Right Now
• Negative Sentiment: U.S. monthly sales have declined sequentially — reports note a fourth consecutive month of lower U.S. sales ahead of the R2 launch, highlighting near‑term demand volatility that could cap the stock despite the quarter’s beat. Tesla rival Rivian’s US sales decline for fourth consecutive month
• Negative Sentiment: Market reaction muted — despite beating delivery estimates, RIVN and larger EV peers fell on the same day in some reports; investors are focused on scale (Rivian’s 10k deliveries vs. Tesla’s 358k in Q1) and profitability headwinds, which can pressure the stock if growth/margin improvements aren’t evident. Tesla Rival Rivian Tops Delivery Estimates With New Model Still Due

Hedge Funds Weigh In On Rivian Automotive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RIVN. Norges Bank bought a new stake in Rivian Automotive in the fourth quarter worth approximately $220,323,000. Renaissance Technologies LLC raised its holdings in shares of Rivian Automotive by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock valued at $323,195,000 after purchasing an additional 4,012,386 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Rivian Automotive by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 81,673,512 shares of the electric vehicle automaker’s stock valued at $1,198,967,000 after purchasing an additional 2,597,310 shares during the last quarter. Capital International Investors boosted its holdings in Rivian Automotive by 13.2% in the fourth quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock worth $409,374,000 after purchasing an additional 2,418,717 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Rivian Automotive by 496.6% in the second quarter. AQR Capital Management LLC now owns 2,305,236 shares of the electric vehicle automaker’s stock worth $31,490,000 after purchasing an additional 1,918,852 shares in the last quarter. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Price Performance

The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of -5.02 and a beta of 1.69. The company’s 50-day simple moving average is $15.37 and its 200 day simple moving average is $15.92.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results 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 return on equity of 65.05% and a negative net margin of 67.68%.The business’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. Equities research analysts forecast that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

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.