RESEARCH REPORT
Rivian Automotive, Inc.
RIVN
$12.16
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Rivian Automotive, Inc. trades near $12.16 on a trailing multiple of about -6.9x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own unavailable median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~-6.9 | ~n/a | n/a |
| P/E (forward) | ~-6.9 | — | — |
| EPS (TTM) | -2.26 | — | — |
| Gross margin | 9.2% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- Street mean target: $18.24 — Average published analyst target.
- Street target midpoint: $17.50 — Midpoint of $10.00–$25.00 published range.
Street targets run from $10.00 to $25.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Could Rivian's Model 3 Moment Be Coming? Tesla Stock Climbed 1,364% in 3 Years.
- Rivian Automotive (RIVN) Jumped, What Is Behind The Latest Attention?
- Rivian Q3 Earnings: 3 Key Takeaways for Long-Term market participants
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Consumer Tech (Oct 26-30): Meta Donation Sparks Backlash, Nvidia Deal Draws DOJ Scrutiny, Chipmakers Report Earnings
- Rivian (RIVN) Expands Joint Venture With AI Voice Assistant Licensing
- Why is Rivian (RIVN) stock soaring today
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~-6.9x rather than its unavailable ~n/ax, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 1793304000
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 5, 2026|Rivian's R2 Is Winning More Than Trophies and Fans(Yahoo)
Rivian's R2 is now driving a major boost in deliveries as the company's best-selling vehicle.
Nov 4, 2026|Needham names Carvana top pick, flags bullish catalysts for EV stocks(Yahoo)
Investing.com -- Needham & Company maintained its bullish stance on Carvana, retaining the online used-car retailer as its top pick for November, citing its long-term profitable growth prospects and an attractive valuation.
Nov 4, 2026|Uber’s Delivery Business Narrows Gap With Ride-Sharing. Now Comes the Robo-Taxi Push.(Yahoo)
Uber’s earnings grow as it prepares to invest billions on robo-taxis.
Nov 4, 2026|Lucid Jumps 12%, Rivian Climbs 6% as Post-Election Rally Lifts EV Stocks; Tesla Slides 3%(Yahoo)
Post-election risk appetite sent smaller EV names surging while the sector's biggest player slid, raising a pointed question about whether the political shake-up helps or hurts the companies betting billions on America's EV future.
Nov 4, 2026|Rivian car buyers are driving a Wall Street rethink on the stock(Yahoo)
UBS points to the recent slump in Rivian stock as an opportunity that shouldn’t be overlooked.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Oct 30, 2026 | McDonough Claire (Chief Financial Officer) | Sell | 730,292 | $0 |
| Oct 20, 2026 | Gomez Aidan N. | Sell | 807 | $0 |
| Oct 20, 2026 | Gomez Aidan N. | Sell | 420 | $5,182.8 |
| Oct 20, 2026 | Schwartz Sanford Harold | Sell | 1,251 | $0 |
| Oct 20, 2026 | Krafcik John | Sell | 1,251 | $0 |
| Oct 20, 2026 | Krawiec Peter | Sell | 928 | $0 |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| BlackRock | 9,770,000 | $9.5B | — |
| Vanguard Group | 406,900 | $8.0B | — |
| Invesco | 3,400,000 | $3.6B | — |
| State Street | 22,396,819 | $388.6M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.