Rivian Automotive (NASDAQ:RIVN) Given “Buy” Rating at Needham & Company LLC

Rivian Automotive (NASDAQ:RIVN)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports. They currently have a $23.00 price target on the electric vehicle automaker’s stock. Needham & Company LLC’s target price would suggest a potential upside of 36.66% from the company’s current price.

Several other equities analysts have also weighed in on RIVN. Weiss Ratings upgraded shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 6th. UBS Group increased their price target on Rivian Automotive from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. BNP Paribas Exane raised their price objective on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Piper Sandler upgraded Rivian Automotive from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $20.00 in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Rivian Automotive in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.95.

Rivian Automotive Trading Up 3.1%

NASDAQ RIVN opened at $16.83 on Friday. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of -5.76 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 one year low of $11.57 and a one year high of $22.69. The company’s 50 day moving average price is $16.56 and its 200 day moving average price is $15.89.

Rivian Automotive (NASDAQ:RIVN) last released 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 company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned ($0.48) earnings per share. Rivian Automotive’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts predict that Rivian Automotive will post -3.06 EPS for the current year.

Insider Buying and Selling at Rivian Automotive

In related news, CFO Claire Mcdonough sold 8,023 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.00, for a total value of $128,368.00. Following the transaction, the chief financial officer owned 887,007 shares in the company, valued at approximately $14,192,112. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, Director Karen Boone sold 20,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the transaction, the director directly owned 110,000 shares of the company’s stock, valued at $2,200,000. This represents a 15.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,385 shares of company stock valued at $1,125,094 in the last ninety days. Insiders own 1.48% of the company’s stock.

Hedge Funds Weigh In On Rivian Automotive

A number of institutional investors have recently made changes to their positions in the business. Core Wealth Advisors LLC acquired a new stake in Rivian Automotive in the fourth quarter valued at $27,000. SOA Wealth Advisors LLC. raised its stake 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 valued at $31,000 after purchasing an additional 1,395 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Rivian Automotive during the fourth quarter worth about $33,000. Glass Jacobson Investment Advisors llc grew its stake in Rivian Automotive by 96.3% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock worth $34,000 after purchasing an additional 852 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased 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 valued at $26,000 after buying an additional 1,000 shares during the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.

More Rivian Automotive News

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

• Positive Sentiment: Rivian beat quarterly expectations. Second-quarter revenue rose 27.2% year over year to $1.66 billion, exceeding the approximately $1.52 billion consensus estimate. The company reported an adjusted loss of $0.47 per share, narrower than the expected $0.66 loss and substantially better than the $0.97 loss in the prior-year period. Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
• Positive Sentiment: R2 demand is exceeding internal expectations. Rivian began customer deliveries of the R2 in June and said production is expected to scale through year-end. Strong conversion rates for the launch-edition R2S, including interest from former Tesla owners and first-time EV buyers, support the company’s strategy to reach a broader market. RIVN Stock Rises After-Hours as R2 Demand Exceeds Expectations
• Positive Sentiment: Management improved its outlook and reduced spending plans. Rivian raised or reaffirmed its full-year delivery outlook around 65,000–70,000 vehicles, while narrowing its expected loss and lowering planned 2026 capital spending. Its software and services business also grew 37%, helped by the Volkswagen partnership. Rivian reduces 2026 spending plans and narrows earnings guidance
• Neutral Sentiment: CEO RJ Scaringe said Chinese EV manufacturers remain difficult to compete with because of exceptionally low capital costs and manufacturing advantages. The comments highlight the competitive pressure Rivian faces even as its own product lineup expands. Rivian CEO Explains Chinese EV Competition
• Negative Sentiment: Rivian remains deeply unprofitable, and management’s positive outlook depends on successfully scaling R2 production while controlling costs. Analysts also continue to cite a challenging U.S. EV market and the expiration of consumer tax credits as potential headwinds.

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.