On April 1, 2026, DA Davidson upgraded Rivian Automotive’s (NasdaqGS:RIVN) outlook from Underperform to Neutral. The average one-year price target for Rivian is set at $18.59/share, suggesting a 23.50% upside from its recent closing price of $15.05/share, with forecasts ranging between $11.11 and $26.25.
Rivian’s projected annual revenue is $38.81 billion, a significant increase of 620.44%. However, the projected annual non-GAAP EPS stands at -$5.88. Currently, there are 829 funds reporting positions in Rivian, down 25.38% from last quarter, with total shares owned by institutions decreasing by 0.87% to 711.16 million shares.
Key institutional holdings include Amazon with 158.36 million shares (12.80% ownership), and JP Morgan Chase, which increased its holdings by 74.20% to 22.07 million shares (1.78% ownership). Baillie Gifford reduced its stake by 2.64% to 43.78 million shares (3.54% ownership), while Capital International and Two Sigma Advisers increased their stakes by 47.54% and 88.72%, respectively.
