BNP Paribas Exane Boosts Rivian Automotive (NASDAQ:RIVN) Price Target to $24.00

Rivian Automotive (NASDAQ:RIVN) had its price target lifted by equities research analysts at BNP Paribas Exane from $22.00 to $24.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the electric vehicle automaker’s stock. BNP Paribas Exane’s price objective suggests a potential upside of 48.29% from the company’s previous close.

Several other equities analysts have also recently issued reports on RIVN. TD Cowen reissued a “buy” rating and issued a $20.00 price objective on shares of Rivian Automotive in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Rivian Automotive in a report on Monday, April 6th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Rivian Automotive in a research report on Monday, June 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a report on Wednesday, June 10th. Twelve 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.com, the company currently has an average rating of “Hold” and a consensus target price of $18.76.

Rivian Automotive Stock Performance

Rivian Automotive stock traded down $0.30 during mid-day trading on Wednesday, reaching $16.18. 52,851,933 shares of the company were exchanged, compared to its average volume of 31,144,822. The firm’s 50-day simple moving average is $15.71 and its two-hundred day simple moving average is $16.29. Rivian Automotive has a twelve month low of $11.57 and a twelve month high of $22.69. The firm has a market cap of $20.09 billion, a PE ratio of -5.54 and a beta of 1.60. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10.

Insider Activity

In other Rivian Automotive news, CFO Claire Mcdonough sold 8,023 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $522,270.00. Following the completion of the transaction, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. This trade represents a 3.64% decrease in their ownership of the stock. 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 sold 80,076 shares of company stock valued at $1,256,286 in the last quarter. Company insiders own 1.48% of the company’s stock.

Institutional Investors Weigh In On Rivian Automotive

A number of institutional investors and hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its stake 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 purchasing an additional 1,000 shares in the last quarter. Core Wealth Advisors LLC purchased a new stake in Rivian Automotive during the fourth quarter worth $27,000. SOA Wealth Advisors LLC. grew its holdings in Rivian Automotive by 894.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,395 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rivian Automotive in the third quarter valued at $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Rivian Automotive in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

Rivian Automotive News Summary

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

• Positive Sentiment: Rivian reported stronger-than-expected second-quarter deliveries and raised its 2026 delivery outlook, which suggests improving operating momentum and helped support analyst optimism. Rivian stock jumps as JPMorgan raises target after strong Q2 deliveries
• Positive Sentiment: J.P. Morgan raised its price target on Rivian after the delivery update, signaling that some analysts see better near-term fundamentals despite the stock’s recent volatility. Rivian Stock Soars on Target Price Hike. There’s Just One Problem.
• Neutral Sentiment: Rivian also pre-announced second-quarter revenue above Wall Street estimates, which is constructive for the business but is being overshadowed by the capital raise. Rivian forecasts quarterly revenue above estimates
• Negative Sentiment: Rivian priced a 75 million-share public offering at $15.50 per share to raise about $1.2 billion, which investors viewed as dilution and a sign the company needs more cash to fund growth and pay down debt. Rivian Automotive, Inc. Announces Pricing of Underwritten Public Offering of Common Stock
• Negative Sentiment: Several market reports said the share sale triggered a sharp selloff in Rivian, with traders reacting to dilution fears rather than the company’s improving delivery trend. Rivian stock falls 10% as company sells 75 million shares to raise capital
• Negative Sentiment: Some commentary also pointed to concerns that Rivian’s cash burn remains high, making the equity raise look like a necessary but stock-negative move for shareholders. Why Rivian Stock Plunged Today

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.