D.A. Davidson Maintains a Hold on Rivian Automotive (RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the most buzzing stocks to invest in right now. In a report released on August 8, Michael Shlisky from D.A. Davidson maintained a Hold rating on Rivian Automotive, Inc. (NASDAQ:RIVN), setting a price target of $13.00.

Rivian Automotive, Inc. (NASDAQ:RIVN) announced its fiscal Q2 2025 results on August 5, reporting that it received a “$1 billion equity investment from Volkswagen Group on June 30 at an effective price of $19.42, which represents a 33% premium to the $14.56 30-trading-day volume-weighted average stock price”.

Management stated that the investment was a part of the up to $5.8 billion agreement associated with the Rivian and Volkswagen Group Technology joint venture.

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. Its operations are divided into the following segments: Automotive, Software, and Services.

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Disclosure: None. This article is originally published at Insider Monkey.