Rivian Automotive (RIVN) Receives a Hold from Wells Fargo
Wells Fargo analyst Colin Langan maintained a Hold rating on Rivian Automotive today and set a price target of $16.00.
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Langan covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, Visteon, and BorgWarner. According to TipRanks, Langan has an average return of -5.2% and a 47.52% success rate on recommended stocks.
In addition to Wells Fargo, Rivian Automotive also received a Hold from Barclays’s Dan Levy in a report issued today. However, on the same day, Needham reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN).
Based on Rivian Automotive’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.38 billion and a GAAP net loss of $416 million. In comparison, last year the company earned a revenue of $1.24 billion and had a GAAP net loss of $545 million
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RIVN in relation to earlier this year. Most recently, in May 2026, Aidan N. Gomez, a Director at RIVN bought 18,000.00 shares for a total of $251,460.00.
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