Rivian Automotive (NASDAQ:RIVN) Given New $16.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered Rivian’s price target from $19 to $16 while maintaining a neutral rating; the new target implies approximately 39.7% upside from the current share price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $19.50. Fourteen analysts rate Rivian a Buy, eight a Hold and five a Sell.
• Rivian beat quarterly expectations, reporting revenue of $2.15 billion and an adjusted loss of $0.48 per share, but it remains deeply unprofitable with a negative net margin and analysts projecting a full-year loss.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) had its price objective dropped by stock analysts at Cantor Fitzgerald from $19.00 to $16.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the electric vehicle automaker's stock. Cantor Fitzgerald's target price indicates a potential upside of 39.74% from the company's current price.

Several other research analysts have also issued reports on RIVN. TD Cowen increased their target price on Rivian Automotive from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. 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. Needham & Company LLC reaffirmed a "buy" rating on shares of Rivian Automotive in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered shares of Rivian Automotive from a "buy" rating to an "underperform" rating in a research note on Tuesday, August 4th. Finally, Yorkville Ives began coverage on shares of Rivian Automotive in a research note on Tuesday, October 6th. They set an "outperform" rating and a $20.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.50.

Rivian Automotive Trading Down 1.9%

NASDAQ:RIVN opened at $11.45 on Friday. The company has a 50-day moving average price of $14.60 and a 200-day moving average price of $15.53. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of -4.44 and a beta of 1.62. The company has a current ratio of 2.10, a quick ratio of 1.65 and a debt-to-equity ratio of 0.87. Rivian Automotive has a 12 month low of $11.38 and a 12 month high of $22.69.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.16. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the company earned ($1.08) earnings per share. Rivian Automotive's quarterly revenue was up 38.3% on a year-over-year basis. Equities analysts predict that Rivian Automotive will post -2.92 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Claire McDonough sold 13,144 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $14.50, for a total value of $190,588.00. Following the sale, the chief financial officer directly owned 827,201 shares of the company's stock, valued at approximately $11,994,414.50. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael John Callahan sold 15,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider owned 1,001,776 shares of the company's stock, valued at $15,026,640. The trade was a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,167 shares of company stock valued at $788,306 in the last quarter. 1.48% of the stock is owned by company insiders.

Institutional Trading of Rivian Automotive

Several institutional investors have recently bought and sold shares of RIVN. Independent Financial Group LLC bought a new stake in Rivian Automotive during the 1st quarter valued at about $985,000. Baird Financial Group Inc. lifted its stake in shares of Rivian Automotive by 163.9% in the second quarter. Baird Financial Group Inc. now owns 289,693 shares of the electric vehicle automaker's stock worth $5,026,000 after buying an additional 179,913 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Rivian Automotive by 34.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 348,800 shares of the electric vehicle automaker's stock valued at $5,249,000 after buying an additional 90,200 shares during the last quarter. Mizuho Markets Americas LLC increased its position in shares of Rivian Automotive by 16.1% during the first quarter. Mizuho Markets Americas LLC now owns 683,024 shares of the electric vehicle automaker's stock valued at $10,280,000 after acquiring an additional 94,840 shares in the last quarter. Finally, 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. 66.25% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Rivian Automotive

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

• Positive Sentiment: Rivian exceeded third-quarter expectations. Revenue rose 38.3% year over year to approximately $2.15 billion, above the roughly $2 billion consensus estimate. The company reported an adjusted loss of $0.48 per share, narrower than the expected $0.64–$0.65 loss and substantially better than the $1.08 loss recorded a year earlier. Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise
• Positive Sentiment: The R2 ramp is showing early traction. Rivian said its new R2 SUV became the company’s best-selling vehicle during the quarter. Higher deliveries helped support revenue and gross-profit improvement, while the company raised its full-year delivery outlook and updated guidance for adjusted earnings and capital expenditures. The R2 SUV is already Rivian’s best-selling vehicle
• Positive Sentiment: Software and strategic partnerships add potential upside. Rivian expanded its $5.8 billion joint venture with Volkswagen to include an AI assistant and recently acquired Third Dimension AI to strengthen driver-assistance technology and its Autonomy+ services. These initiatives could improve future software revenue and margins. Rivian expands joint venture with VW to include AI assistant
• Negative Sentiment: Profitability and cash consumption remain major risks. Rivian still posted a GAAP net loss of approximately $913 million, or $0.63 per share, with a negative net margin of 54.96% and negative return on equity. Investors will need evidence that R2 scale can turn automotive operations profitable rather than relying primarily on software and services.
• Neutral Sentiment: Leadership transition adds a modest uncertainty. CFO Claire McDonough is being replaced on an interim basis by Derek Mulvey, effective October 30. The transition may draw attention as Rivian manages its production ramp and path toward profitability. Rivian Q3 2026 earnings call transcript

About Rivian Automotive

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.

Rivian's consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.

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