Cantor Fitzgerald and Morgan Stanley Maintain Ratings on Rivian (RIVN) After New Deals

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the 10 Best Car Stocks to Buy in 2026. On March 30, Cantor Fitzgerald reiterated its Neutral rating on Rivian Automotive, Inc. (NASDAQ:RIVN) after the company’s recent funding announcement.

The company secured an additional $1 billion investment from Volkswagen following the completion of winter testing. This funding includes about $750 million in equity and $250 million in either additional equity or convertible debt. This funding is part of Volkswagen’s total commitment of around $5.8 billion to Rivian Automotive, Inc. (NASDAQ:RIVN). Additional payments from Volkswagen to Rivian Automotive, Inc. (NASDAQ:RIVN) are tied to future milestones.

Cantor Fitzgerald and Morgan Stanley Maintain Ratings on Rivian (RIVN) After New Deals

A Riivan vehicle. Photo from Rivian website

Earlier, on March 19, Morgan Stanley also maintained its Underweight rating on Rivian Automotive, Inc. (NASDAQ:RIVN) with a price target of $12 after the company announced a robotaxi partnership with Uber Technologies, Inc. (NYSE:UBER).

Under the partnership, Uber Technologies, Inc. (UBER) will invest up to $1.25 billion in Rivian Automotive, Inc. (NASDAQ:RIVN) and deploy 50,000 fully autonomous R2 robotaxis.

Morgan Stanley analyst Andrew Percoco sees this deal as a positive step for Rivian Automotive, Inc.’s (NASDAQ:RIVN) autonomy platform. The analyst also said this provides extra funding as the company moves toward profitability.

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American electric vehicle (EV) company that designs, develops, builds, and sells EVs while also offering software and services that address the entire lifecycle of EVs.

While we acknowledge the risk and potential of RIVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIVN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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