How Do Analysts Rate Rivian Automotive Stock (RIVN) Post Earnings?

Rivian Automotive (RIVN) stock has attracted extra analyst interest on Friday following the release of the electric vehicle (EV) company’s latest earnings report. While Rivian Automotive surpassed Wall Street’s estimates, analysts were more uncertain about the company’s results.

Analysts Remained Largely Mixed on RIVN Stock

Looking at the most recent coverage of Rivian stock, analysts were split down the middle. Four analysts reiterated Buy ratings for the shares, while another four maintained Hold ratings for the stock. Two analysts also updated their price targets for RIVN stock. Four-star Cantor Fitzgerald analyst Andres Sheppard raised his price target to $19 from $18, representing a potential 21.56% upside for the shares. However, five-star Goldman Sachs analyst Mark Delaney lowered his price target to $16 from $17, suggesting a possible 2.37% upside for the shares.

What About the Best Analysts Covering Rivian Automotive Stock?

Getting into where the best analysts covering Rivian Automotive stock stand, the opinions are mixed.

Five-star Stifel Nicolaus analyst Stephen Gengaro is the most accurate and the most profitable analyst that has covered RIVN stock. He has yet to update his coverage after earnings. However, his last update on the stock included a Buy rating and a $20 price target, implying a potential 28.29% upside for RIVN shares. His success rate is 50% with an average return rate of 6.01% per trade.

How Has Rivian Automotive Stock Reacted to Today’s Analyst Updates?

Rivian Automotive stock was down 5.18% on Friday, extending a 21.11% year-to-date fall. Despite these drops, the stock was still up 18.58% over the past 12 months.

RIVN stock trading activity today was limited, as some 11.94 million shares changed hands. This is less than half of the company’s three-month average daily trading volume.