Morgan Stanley has downgraded Rivian Automotive Inc (RIVN) to Underweight from Equal-Weight, effective December 7, 2025. This decision reflects increased caution regarding the company's outlook amid competitive pressures and market conditions that may affect performance.
Currently, Rivian's shares are priced at $17.48, with a market capitalisation of $18.2 billion. The company, headquartered in Irvine, California, focuses on the design, development, and manufacture of electric vehicles, including the R1T pickup truck and R1S SUV. In the commercial sector, Rivian offers the Electric Delivery Van (EDV), developed in collaboration with Amazon, as part of its Rivian Commercial Vehicle platform.
Rivian's recent earnings performance has shown variability, with the most recent quarter (Q3 2025) reporting an EPS of -$0.65, surpassing estimates by 11.3%. Looking ahead, the company is expected to report its next earnings on August 3, 2026, with an EPS estimate of -$0.68 and revenue anticipated at $1.6 billion.
Analyst consensus as of December 1, 2025, indicates a Hold rating, with 5 Strong Buy, 11 Buy, 16 Hold, 4 Sell, and no Strong Sell ratings from a total of 36 analysts. Analyst ratings are subject to change as new information emerges, and they should be considered alongside other factors such as company fundamentals and market dynamics.