5 Best EV Stocks To Buy For 2024

4. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Investors In Q3 2023: 35

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American firm focusing on electric SUVs and trucks. The firm has held its ground in today’s turbulent environment by having beaten analyst EPS estimates in all four of its latest quarters. The stock is rated Buy on average and has an average share price target of $26.56.

During September 2023, 35 out of the 910 hedge funds profiled by Insider Monkey had invested in the company. Rivian Automotive, Inc. (NASDAQ:RIVN)’s biggest investor in our database is Daniel Sundheim’s D1 Capital Partners due to its $327 million stake.

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