Story perspectives
Rivian Rated 'Hold' Amid Strong Earnings, Insider Concerns
3/7/2025
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Story summary
- TD Cowen has assigned Rivian Automotive (NASDAQ:RIVN) a "hold" rating with a price target of $12.70, indicating a 15.14% upside.
- Rivian's stock opened at $11.03, with a consensus rating of "Hold" and an average price target of $14.78.
- The company reported a quarterly EPS of ($0.63) and revenue of $1.73 billion, surpassing expectations.
- Recent insider share sales raise concerns about future stock performance.
- Institutional investors hold 66.25% of Rivian's stock, highlighting strong interest in the electric vehicle sector.
