Rivian Automotive (NASDAQ:RIVN) Shares Up 1% on Analyst Upgrade

Posted by Francis Steltz on Jul 8th, 2026

Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) was up 1% on Wednesday after BNP Paribas Exane raised their price target on the stock from $22.00 to $24.00. BNP Paribas Exane currently has an outperform rating on the stock. Rivian Automotive traded as high as $16.79 and last traded at $16.66. 110,659,143 shares changed hands during trading, an increase of 250% from the average session volume of 31,640,248 shares. The stock had previously closed at $16.49.

A number of other equities analysts have also recently commented on the company. DA Davidson boosted their price target on Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Rivian Automotive in a research note on Wednesday, June 10th. Tigress Financial reiterated a “buy” rating and issued a $25.00 target price on shares of Rivian Automotive in a research report on Friday, April 10th. TD Cowen reissued a “buy” rating and set a $20.00 target price on shares of Rivian Automotive in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of Rivian Automotive from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.76.

Get Our Latest Stock Report on RIVN

Insiders Place Their Bets

In related news, CEO Robert J. Scaringe sold 34,818 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $522,270.00. Following the sale, the chief executive officer owned 922,286 shares of the company’s stock, valued at $13,834,290. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 10,245 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $18.00, for a total value of $184,410.00. Following the sale, the chief financial officer owned 946,814 shares in the company, valued at $17,042,652. This represents a 1.07% decrease in their position. 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 a total of 80,076 shares of company stock valued at $1,256,286 over the last quarter. 1.48% of the stock is owned by corporate insiders.

Trending Headlines about Rivian Automotive

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

Positive Sentiment: Rivian recently reported better-than-expected second-quarter deliveries and raised full-year delivery guidance, suggesting operating momentum remains intact.
Positive Sentiment: BNP Paribas Exane raised its price target on Rivian to $24 from $22 and kept an Outperform rating, indicating some analysts still see meaningful upside.
Neutral Sentiment: Rivian also pre-announced Q2 revenue of $1.55 billion to $1.65 billion, above Wall Street estimates, which helps offset some concern about the company’s near-term execution.
Negative Sentiment: The new 75 million-share offering is the main reason the stock is falling, as investors worry about dilution and the impact on per-share value. Article Title
Negative Sentiment: Market commentary continues to emphasize Rivian’s cash burn and the need for repeated capital raises to fund growth, which is keeping pressure on the shares.

Institutional Investors Weigh In On Rivian Automotive

Several hedge funds have recently added to or reduced their stakes in RIVN. Capital International Investors increased its position in Rivian Automotive by 13.2% in the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock valued at $409,374,000 after acquiring an additional 2,418,717 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Rivian Automotive by 32.4% during 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. Geode Capital Management LLC grew its stake in shares of Rivian Automotive by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 14,782,865 shares of the electric vehicle automaker’s stock worth $290,568,000 after purchasing an additional 59,503 shares during the last quarter. Norges Bank bought a new stake in shares of Rivian Automotive in the fourth quarter worth $220,323,000. Finally, Soma Equity Partners LP increased its holdings in Rivian Automotive by 9.9% in the third quarter. Soma Equity Partners LP now owns 9,204,745 shares of the electric vehicle automaker’s stock valued at $135,126,000 after purchasing an additional 829,782 shares during the period. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Rivian Automotive Stock Up 1.0%

The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of -5.71 and a beta of 1.60. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. The stock has a fifty day moving average of $15.71 and a two-hundred day moving average of $16.29.

Rivian Automotive (NASDAQ:RIVN – Get Free Report) last announced its 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 firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned ($0.48) EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Rivian Automotive, Inc. will post -3.1 earnings per share for the current year.

About Rivian Automotive

(Get Free Report)

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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