JPMorgan Ups Rivian Automotive (RIVN) PT to $10 Amid Mixed Auto Sector View

Rivian Automotive Inc. (NASDAQ:RIVN) is one of the best large cap stocks to buy under $20. On October 20, JPMorgan analyst Ryan Brinkman raised the price target on Rivian to $10 from $9, while maintaining an Underweight rating on the shares. This sentiment was announced as a part of a Q3 2025 preview by the firm for the autos group.

JPMorgan raised its estimates for the auto suppliers, as this sector segment is the firm’s preferred area. The decision came due to stronger global light vehicle production and favorable trends in currencies and commodities. At the same time, JPMorgan lowered estimates for rental car companies due to aggressive pricing. A similar sentiment was expressed for tiremakers due to a rise in low-cost imports.

Rivian Automotive Inc. (NASDAQ:RIVN), together with its subsidiaries, designs, develops, manufactures, and sells EVs and accessories.

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