Rivian Automotive (NASDAQ:RIVN) Stock Price Up 2.9% – Should You Buy?

Posted by Brenda Bartman on Nov 9th, 2026

Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report)’s share price traded up 2.9% during mid-day trading on Monday. The company traded as high as $14.15 and last traded at $14.01. 22,027,076 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 29,485,369 shares. The stock had previously closed at $13.61.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Cantor Fitzgerald reduced their target price on shares of Rivian Automotive from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Citigroup began coverage on shares of Rivian Automotive in a research note on Monday, September 14th. They issued a “hold” rating and a $18.00 price target for the company. TD Cowen upped their price target on shares of Rivian Automotive from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut Rivian Automotive from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.50.

Read Our Latest Research Report on Rivian Automotive

Rivian Automotive Stock Up 2.9%

The company has a quick ratio of 1.70, a current ratio of 2.18 and a debt-to-equity ratio of 0.78. The company has a 50-day simple moving average of $14.21 and a two-hundred day simple moving average of $15.40. The stock has a market cap of $20.28 billion, a P/E ratio of -6.23 and a beta of 1.64.

Rivian Automotive (NASDAQ:RIVN – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.16. Rivian Automotive had a negative return on equity of 69.68% and a negative net margin of 45.88%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm posted ($1.08) earnings per share. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. On average, equities analysts forecast that Rivian Automotive, Inc. will post -2.72 EPS for the current year.

Insiders Place Their Bets

In other Rivian Automotive news, CFO Claire McDonough sold 8,023 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the sale, the chief financial officer owned 819,178 shares of the company’s stock, valued at $13,106,848. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. This trade represents a 1.48% 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 have sold a total of 51,167 shares of company stock valued at $788,306 over the last quarter. 1.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rivian Automotive

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Rivian Automotive during the second quarter valued at $49,915,000. Hsbc Holdings PLC raised its position in shares of Rivian Automotive by 55.8% in the 1st quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock worth $46,625,000 after purchasing an additional 1,109,171 shares during the last quarter. Andra AP fonden purchased a new position in shares of Rivian Automotive in the 2nd quarter worth about $6,923,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Rivian Automotive by 22.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock worth $29,441,000 after purchasing an additional 356,540 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Rivian Automotive by 126.4% in the 1st quarter. Quantinno Capital Management LP now owns 471,963 shares of the electric vehicle automaker’s stock worth $7,103,000 after purchasing an additional 263,478 shares in the last quarter. 66.25% of the stock is owned by institutional investors.

About Rivian Automotive

(Get Free Report)

Rivian Automotive, Inc designs, develops and manufactures electric vehicles and related technology. Its consumer lineup includes the R1T electric pickup truck and R1S electric sport utility vehicle, while its commercial offerings include electric delivery vans and fleet services.

Founded in 2009 by RJ Scaringe, the company began delivering its R1T and R1S vehicles in 2021. Rivian also develops vehicle software, charging solutions and services intended to support its consumer and commercial customers.

Rivian primarily serves customers in the United States and Canada.