RBC Capital Keeps Their Hold Rating on Rivian Automotive (RIVN)

RBC Capital analyst Tom Narayan maintained a Hold rating on Rivian Automotive on April 10 and set a price target of $14.00. The company’s shares closed yesterday at $15.43.

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According to TipRanks, Narayan is a 4-star analyst with an average return of 6.1% and a 44.60% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Dauch Corporation.

Rivian Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $17.91, a 16.07% upside from current levels. In a report released on April 1, D.A. Davidson also upgraded the stock to a Hold with a $14.00 price target.

Based on Rivian Automotive’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.29 billion and a GAAP net loss of $811 million. In comparison, last year the company earned a revenue of $1.73 billion and had a GAAP net loss of $743 million

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Last month, Jay Flatley, a Director at RIVN sold 580.00 shares for a total of $11,773.05.