Rivian Automotive (RIVN) Receives a Hold from Cantor Fitzgerald

In a report released yesterday, Andres Sheppard from Cantor Fitzgerald maintained a Hold rating on Rivian Automotive, with a price target of $18.00. The company’s shares closed yesterday at $16.41.

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Sheppard covers the Consumer Cyclical sector, focusing on stocks such as Lucid Group, Rivian Automotive, and EVgo. According to TipRanks, Sheppard has an average return of 11.2% and a 44.44% success rate on recommended stocks.

Rivian Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $17.91, implying a 9.14% upside from current levels. In a report released on April 10, RBC Capital also maintained a Hold rating on the stock 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 bought 1,830.00 shares for a total of $25,273.00.