Cantor Fitzgerald reissued their neutral rating on shares of Rivian Automotive (NASDAQ:RIVN – Free Report) in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has a $19.00 price target on the electric vehicle automaker’s stock.
A number of other equities analysts have also issued reports on the company. Tigress Financial reaffirmed a “buy” rating and issued a $25.00 target price on shares of Rivian Automotive in a research report on Friday, April 10th. Canaccord Genuity Group reissued a “buy” rating and set a $22.00 price target on shares of Rivian Automotive in a research report on Monday, April 6th. Needham & Company LLC restated a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a research note on Wednesday, June 10th. Morgan Stanley upped their price target on shares of Rivian Automotive from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. Finally, TD Cowen reiterated a “buy” rating and set a $20.00 price objective on shares of Rivian Automotive in a research note on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.95.
Read Our Latest Report on Rivian Automotive
Rivian Automotive Stock Up 3.1%
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative return on equity of 75.65% and a negative net margin of 63.62%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts anticipate that Rivian Automotive will post -3.06 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Rivian Automotive news, Director Karen Boone sold 20,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the transaction, the director owned 110,000 shares of the company’s stock, valued at $2,200,000. This trade represents a 15.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 8,023 shares of Rivian Automotive stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.00, for a total value of $128,368.00. Following the completion of the transaction, the chief financial officer owned 887,007 shares of the company’s stock, valued at approximately $14,192,112. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,385 shares of company stock valued at $1,125,094 in the last quarter. Insiders own 1.48% of the company’s stock.
Hedge Funds Weigh In On Rivian Automotive
Large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its holdings in Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of Rivian Automotive during the fourth quarter worth $27,000. SOA Wealth Advisors LLC. lifted its position in shares of Rivian Automotive by 894.2% in the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Rivian Automotive in the 3rd quarter worth about $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Rivian Automotive in the 4th quarter worth about $33,000. 66.25% of the stock is currently owned by institutional investors.
Rivian Automotive News Summary
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian reported second-quarter revenue of $1.66 billion, up 27.2% year over year and above analysts’ approximately $1.52 billion estimate. The company also reported a loss of $0.47 per share, narrower than the $0.66-$0.65 consensus loss and the $0.80 loss a year earlier. Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
- Positive Sentiment: The launch of external R2 deliveries is the central bullish catalyst. Management described the SUV as a potential “game changer,” while early demand and a stronger-than-expected conversion rate for the R2S Launch Edition could broaden Rivian’s customer base and improve its path to profitability. Rivian’s turnaround gains traction as R2 demand exceeds expectations
- Positive Sentiment: Automotive losses narrowed, gross margins improved sharply, and the software and services business added momentum. Rivian also maintained or improved its full-year delivery outlook at roughly 65,000 to 70,000 vehicles, signaling confidence in demand and the production ramp. Rivian Q2 2026 earnings: revenue up 27%, gross margins soaring
- Positive Sentiment: Rivian reduced its 2026 spending plans and slightly narrowed its expected annual losses, which may help preserve liquidity while the company funds the R2 ramp. Rivian reduces 2026 spending plans, narrows earnings guidance
- Neutral Sentiment: A proposed Uber investment of up to $1.2 billion and potential purchases of as many as 50,000 R2 vehicles could provide meaningful future volume and robotaxi-related opportunities, but the agreement remains an execution and demand-dependent catalyst. Uber Agrees to Invest up to $1.2 Billion in Rivian
- Negative Sentiment: Rivian remains loss-making, with deeply negative margins and return on equity. Investors must still see sustained production improvements, successful R2 execution and a credible route to positive cash flow.
- Negative Sentiment: The broader U.S. EV market faces headwinds from the expiration of federal tax credits, while competition and potentially weaker consumer incentives could pressure demand and pricing. EV Investing: Why RIVN Faces Headwinds While TSLA Offers Upside
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.
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