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.

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