Rivian Automotive (NASDAQ:RIVN) Stock Price Up 2.4% – Time to Buy?

06 Nov 2026, 22:41 by Sarita Garza · The Markets Daily

Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report)’s stock price shot up 2.4% during trading on Friday. The stock traded as high as $13.65 and last traded at $13.61. Approximately 20,072,244 shares were traded during mid-day trading, a decline of 32% from the average session volume of 29,504,625 shares. The stock had previously closed at $13.29.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Needham & Company LLC lowered their target price on Rivian Automotive from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Cantor Fitzgerald cut their price target on Rivian Automotive from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, October 30th. DA Davidson reduced their price target on Rivian Automotive from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen cut Rivian Automotive from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Finally, Yorkville Ives began coverage on Rivian Automotive in a research report on Tuesday, October 6th. They set an “outperform” rating and a $20.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Rivian Automotive has an average rating of “Hold” and an average price target of $19.50.

Check Out Our Latest Stock Analysis on RIVN

Rivian Automotive Trading Up 2.4%

The stock’s 50-day simple moving average is $14.27 and its two-hundred day simple moving average is $15.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.18 and a quick ratio of 1.70. The firm has a market capitalization of $19.71 billion, a P/E ratio of -6.05 and a beta of 1.64.

Rivian Automotive (NASDAQ:RIVN – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The electric vehicle automaker reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.16. Rivian Automotive had a negative net margin of 45.88% and a negative return on equity of 69.68%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm earned ($1.08) EPS. The company’s revenue was up 38.3% on a year-over-year basis. Equities research analysts expect that Rivian Automotive, Inc. will post -2.72 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Claire McDonough sold 8,023 shares of the business’s stock in a transaction dated Thursday, August 20th. 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 directly owned 819,178 shares in the company, valued at $13,106,848. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider directly owned 1,001,776 shares of the company’s stock, 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 sold a total of 51,167 shares of company stock valued at $788,306 in the last quarter. 1.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Rivian Automotive by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,438,776 shares of the electric vehicle automaker’s stock worth $111,896,000 after purchasing an additional 25,382 shares during the period. Hsbc Holdings PLC raised its position in shares of Rivian Automotive by 55.8% during the first quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after buying an additional 1,109,171 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Rivian Automotive during the second quarter valued at approximately $49,915,000. Swiss National Bank raised its position in shares of Rivian Automotive by 8.2% during the first quarter. Swiss National Bank now owns 2,331,000 shares of the electric vehicle automaker’s stock valued at $35,082,000 after buying an additional 176,500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Rivian Automotive by 22.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock worth $29,441,000 after buying an additional 356,540 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

Rivian Automotive Company Profile

(Get Free Report)

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.