Canaccord Genuity Reaffirms Their Buy Rating on Rivian Automotive (RIVN)
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According to TipRanks, Gianarikas is a 2-star analyst with an average return of 0.2% and a 42.05% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as Surf Air Mobility, Inc., NuScale Power, and Arq Inc.
Rivian Automotive has an analyst consensus of Hold, with a price target consensus of $14.64, which is a 13.75% upside from current levels. In a report released on June 16, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $15.00 price target.
The company has a one-year high of $18.86 and a one-year low of $9.50. Currently, Rivian Automotive has an average volume of 30.57M.
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Think It's Too Late to Buy Rivian? Here's the No. 1 Reason Why There's Still Time.
Key Points Rivian's growth rates could spike next year. But the electric vehicle manufacturer still lacks one key growth driver. 10 stocks we like better than Rivian Automotive › Rivian Automotive (NASDAQ: RIVN) is about to enter one of the most exciting growth spurts in its history. It plans to launch a new discounted model in as little as six months, with two more new models to follow soon after. These launches could easily double or even triple the company's revenue over the coming years. That has investors excited and the stock price on the rise. Think it's too late to invest? Think again. There's one reason Rivian shares remain surprisingly cheap. Rivian doesn't have this exciting business segment Other electric vehicle stocks like Tesla and Lucid Group trade at 6 to 13 times trailing sales. Rivian, meanwhile, trades at just 2.6 times trailing sales. Why the big discount? Growth is a big part of the story. Lucid is expected to grow its sales by 60% this fiscal year, while Rivian's sales are expected to grow by just 6.5%. Tesla is the outlier. Analysts expect its sales to fall by around 5% this year. Why then does Tesla stock remain extremely expensive? It turns out that both Lucid and Tesla have a growth opportunity that Rivian hasn't pursued very aggressively: robotaxis. Robotaxis are expected to be a huge market. Some analysts think the global opportunity could eventually be worth up to $10 trillion. Recent robotaxi announcements from both Lucid and Tesla, therefore, have given investors plenty of optimism for long-term growth potential. Rivian has been surprisingly quiet on the robotaxi front. One of its board members even recently criticized Tesla's efforts, stressing that the service has a long way to go to be truly autonomous. A lack of robotaxi upside is likely a strong reason why Rivian shares are priced at such a relative discount to the competition. The robotaxi opportunity is still very early stages, however. Rivian's new models, meanwhile, are near-term opportunities. We should see growth rates pick up considerably next year, allowing investors to take advantage of today's discounted valuation. Rivian simply doesn't need robotaxis to grow considerably in 2025. Should you invest $1,000 in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Think It's Too Late to Buy Rivian? Here's the No. 1 Reason Why There's Still Time. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
