Rivian Automotive (NASDAQ:RIVN) Given New $16.00 Price Target at Royal Bank Of Canada

Rivian Automotive (NASDAQ:RIVN) had its target price hoisted by equities researchers at Royal Bank Of Canada from $14.00 to $16.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the electric vehicle automaker’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.86% from the stock’s current price.

Several other research firms also recently commented on RIVN. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Rivian Automotive in a research report on Friday. Canaccord Genuity Group restated a “buy” rating and issued a $22.00 price target on shares of Rivian Automotive in a research note on Monday, April 6th. BNP Paribas Exane upped their price objective on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 6th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $19.00 price objective on shares of Rivian Automotive in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.95.

Rivian Automotive Stock Performance

RIVN traded down $1.43 on Friday, reaching $15.40. The company had a trading volume of 42,483,429 shares, compared to its average volume of 31,636,344. The stock has a market cap of $20.97 billion, a P/E ratio of -5.28 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. Rivian Automotive has a fifty-two week low of $11.57 and a fifty-two week high of $22.69. The company’s fifty day moving average is $16.56 and its 200 day moving average is $15.89.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings data on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted ($0.48) earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts predict that Rivian Automotive will post -3.06 earnings per share for the current fiscal year.

Insider Transactions at Rivian Automotive

In other news, CEO Robert J. Scaringe sold 34,818 shares of Rivian Automotive stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of the sale, the chief executive officer directly owned 922,286 shares in the company, valued at approximately $13,834,290. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the sale, 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 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. Over the last ninety days, insiders have sold 68,385 shares of company stock valued at $1,125,094. 1.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rivian Automotive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Rivian Automotive during the 4th quarter valued at $220,323,000. Renaissance Technologies LLC increased its position in shares of Rivian Automotive by 32.4% in the fourth quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock worth $323,195,000 after purchasing an additional 4,012,386 shares during the period. Capital International Investors increased its position in shares of 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 during the period. AQR Capital Management LLC increased its position in shares of 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 during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in Rivian Automotive by 1,353.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 2,058,284 shares of the electric vehicle automaker’s stock valued at $28,281,000 after purchasing an additional 1,916,686 shares in the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.

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 the approximately $1.52 billion analyst estimate. Its adjusted loss of $0.47 per share was also narrower than the expected $0.65 loss. Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
• Positive Sentiment: The company began customer deliveries of its lower-priced R2 SUV, said demand and conversion rates are exceeding internal expectations, and maintained a 65,000-to-70,000-vehicle delivery target for 2026. Management views the R2 ramp and expanding software business, including Volkswagen-related revenue, as important drivers of future growth. Rivian Automotive Inc Q2 2026 Earnings Call Highlights
• Positive Sentiment: Rivian reduced its 2026 spending plans and slightly narrowed its expected full-year loss, supporting its efforts to preserve cash while scaling R2 production. Rivian reduces 2026 spending plans, narrows earnings guidance
• Positive Sentiment: Analyst support remains mixed but includes bullish views: TD Cowen raised its target to $21 with a buy rating, while Needham reaffirmed a $23 buy target. Unusually heavy call-option buying also suggests increased speculative bullish interest.
• Neutral Sentiment: Wells Fargo raised its target from $15 to $16 but kept an equal-weight rating, indicating limited conviction in near-term upside.
• Negative Sentiment: Investors appeared concerned that the earnings beat has not yet translated into sustainable profitability. Rivian continues to post substantial losses, while automotive margins remain under pressure as it invests in the R2 launch and production ramp. What’s Going On With Rivian Stock Friday
• Negative Sentiment: Morgan Stanley raised its price target only to $14 and maintained an underweight rating, implying that the stock remains above its assessment of fair value. Management also highlighted the cost advantage of Chinese EV competitors, adding to concerns about competition and industry pricing pressure. Rivian CEO Explains Why Chinese EV Makers Are So Hard to Beat

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.