Rivian Automotive Inc (NASDAQ:RIVN) is one of the better-performing stocks out there today, last seen up 7.4% to trade at $17.62 and trading at 18-month highs. Though there's no specific catalyst, the EV company is trending on StockTwits and WallStreetBets.
Yesterday, DA Davidson hiked its price target to $15 from $13. Last week, RIVN gapped higher after the company's third-quarter revenue topped analyst expectations. Now, the shares are 31% higher in 2025 and up 59% in the last 12 months.
More bull notes could be on the way. Of the 27 brokerages covering Rivian, 20 maintain "hold" or worse ratings, while the consensus 12-month price target of $14.50 is a 17.5% discount to its current perch.
Short squeeze potential is also worth monitoring, with short interest increasing in the two most recent reporting periods to a whopping 20% of the stock's total available float.
A premium-selling strategy could be the move going forward, as RIVN's Schaeffer's Volatility Scorecard (SVS) checks in at 6 out of 100. This means the security has consistently realized lower volatility than its options have priced in.
