Rivian Automotive (NASDAQ:RIVN) Upgraded at TD Cowen

TD Cowen upgraded shares of Rivian Automotive (NASDAQ:RIVN) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. The brokerage currently has $20.00 price objective on the electric vehicle automaker’s stock, up from their previous price objective of $17.00.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 target price on shares of Rivian Automotive in a research report on Tuesday, March 3rd. Bank of America began coverage on Rivian Automotive in a report on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Wolfe Research downgraded shares of Rivian Automotive from a “peer perform” rating to an “underperform” rating in a research report on Monday, January 12th. Finally, DA Davidson lowered shares of Rivian Automotive from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $15.00 to $14.00 in a report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.00.

Rivian Automotive Stock Performance

Shares of Rivian Automotive stock opened at $15.30 on Tuesday. The company’s 50 day moving average price is $16.20 and its two-hundred day moving average price is $15.75. The firm has a market capitalization of $18.99 billion, a P/E ratio of -4.98 and a beta of 1.75. Rivian Automotive has a fifty-two week low of $10.36 and a fifty-two week high of $22.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.02. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned ($0.70) earnings per share. The company’s revenue for the quarter was down 25.8% compared to the same quarter last year. On average, equities analysts forecast that Rivian Automotive will post -3.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Peter Krawiec sold 3,655 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $19.45, for a total transaction of $71,089.75. Following the completion of the transaction, the director directly owned 29,122 shares in the company, valued at $566,422.90. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 135,488 shares of company stock valued at $2,369,819. Company insiders own 2.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Rivian Automotive by 315.6% in the 2nd quarter. Assetmark Inc. now owns 1,787 shares of the electric vehicle automaker’s stock valued at $25,000 after purchasing an additional 1,357 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after buying an additional 1,000 shares during the period. Core Wealth Advisors LLC bought a new position in Rivian Automotive during the fourth quarter worth $27,000. Mather Group LLC. acquired a new position in Rivian Automotive in the third quarter valued at $30,000. Finally, Hemington Wealth Management lifted its holdings in Rivian Automotive by 291.0% in the third quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker’s stock valued at $31,000 after buying an additional 1,580 shares during the period. Institutional investors own 66.25% of the company’s stock.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Wall Street support: TD Cowen upgraded Rivian and raised its outlook, adding near‑term bullish analyst momentum that had lifted the stock before the reveal. TD Cowen Upgrade
• Positive Sentiment: Asset value unlocked: Rivian’s AI/robotics spinout, Mind Robotics, raised $500M at ~a $2B valuation—validating Rivian’s technology/IP and providing an indirect value catalyst separate from vehicle sales. Mind Robotics Funding
• Neutral Sentiment: R2 is strategically crucial but execution‑dependent: analysts and commentary frame the R2 as a make‑or‑break product for Rivian’s move into the mass market—big upside if the ramp and margins play out, but dependent on production execution and timing. Investopedia R2 Analysis
• Negative Sentiment: Pricing/timing disappointment: Rivian announced the R2 will start with a $57,990 Performance “Launch” model this spring, while the targeted $45,000 base R2 won’t arrive until late 2027—dampening near‑term expectations for a direct, immediate Model Y competitor. Reuters: R2 Deliveries & Pricing
• Negative Sentiment: Immediate market reaction: Several outlets note the stock traded down and underperformed the broader market after the reveal — investors appear to have taken profits or sold on the realization that the mass‑market price point is still years away. Zacks: Why RIVN Fell

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.