D.A. Davidson Maintains a Hold on Rivian Automotive (RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the most buzzing stocks to invest in right now. In a report released on August 8, Michael Shlisky from D.A. Davidson maintained a Hold rating on Rivian Automotive, Inc. (NASDAQ:RIVN), setting a price target of $13.00.

Rivian Automotive, Inc. (RIVN) Isn't A DeLorean, Says Jim Cramer

A state-of-the-art electric vehicle charging at a station at a suburban mall.

Rivian Automotive, Inc. (NASDAQ:RIVN) announced its fiscal Q2 2025 results on August 5, reporting that it received a “$1 billion equity investment from Volkswagen Group on June 30 at an effective price of $19.42, which represents a 33% premium to the $14.56 30-trading-day volume-weighted average stock price”.

Management stated that the investment was a part of the up to $5.8 billion agreement associated with the Rivian and Volkswagen Group Technology joint venture.

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures category-defining electric vehicles and accessories. Its operations are divided into the following segments: Automotive, Software, and Services.

While we acknowledge the potential of RIVN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIVN and that has 100x upside potential, check out our report about this cheapest AI stock.

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