- 1. Key Takeaways
- 2. Rivian (RIVN) Key Data (October 2026)
- 3. What Is Rivian Automotive?
- 4. Rivian News: What Has Happened in 2026
- 5. Rivian Q3 2026 Results
- 6. RIVN Stock Price History
- 7. Rivian Stock Forecast: What Analysts Expect
- 8. Rivian Stock Price Prediction 2030: What Would Need to Happen
- 9. Rivian Stock Price Prediction 2040: How Analyst Targets Compare Over the Next Decade
- 10. Key Risks of Rivian Stock
- 11. Is Rivian Stock a Good Long-Term Investment?
- 12. Frequently Asked Questions
Last Updated: October 31, 2026
Quick Answer: Rivian Automotive (NASDAQ: RIVN) closed at $12.16 on October 30, 2026, up 6.2% in its first session after the Q3 report, according to The Motley Fool and MarketBeat. Revenue rose 38% to $2.155 billion, the net loss attributable to shareholders was $913 million, and Rivian raised the low end of its 2026 delivery outlook to 67,000 to 70,000 vehicles. Before the report, StockAnalysis showed a consensus “Hold” and an average target of $19. We publish no price targets.
Rivian shares trade about 84% below the November 2021 IPO price of $78. In 2026 the story has centered on R2, a cheaper SUV that began reaching customers in June and became Rivian’s best-selling vehicle by volume in the third quarter, new capital from Volkswagen and Uber, and how much cash Rivian needs before it turns a profit.
Key Takeaways
- RIVN closed at $12.16 on October 30, up 6.2% after the Q3 report, according to The Motley Fool and MarketBeat, roughly 46% below its 52-week high of $22.69 and more than 93% below its intraday record of $179.47 from November 2021
- Q3 2026 revenue rose 38% to $2.155 billion on 19,248 deliveries, up 46% from a year earlier, and R2 became Rivian’s best-selling vehicle by volume, according to the company
- Rivian posted a gross profit of $176 million (about 8% margin), a net loss attributable to shareholders of $913 million and an adjusted EBITDA loss of $435 million
- 2026 guidance changed: deliveries of 67,000 to 70,000 (from 65,000 to 70,000), an adjusted EBITDA loss of $1.75 billion to $1.85 billion and capital spending cut to $1.40 billion to $1.50 billion
- Rivian received a $1 billion term loan from Volkswagen Group in October, lifting pro forma liquidity to about $7.1 billion
Rivian (RIVN) Key Data (October 2026)
| Metric | Value |
|---|---|
| Closing Price (October 30, 2026) | $12.16 |
| Market Cap | About $17.8B |
| Shares Outstanding (September 30, 2026) | About 1.46 billion |
| 52-Week Range | About $11.38 to $22.69 |
| IPO Price (November 2021) | $78 |
| All-Time High (intraday) | $179.47 (November 2021) |
| Analyst Consensus | Hold (25 analysts, StockAnalysis, before Q3 report) |
| Average 12-Month Target | $19 (median $18) |
| Q3 2026 Revenue | $2.155B |
| Q3 2026 Deliveries | 19,248 |
| 2026 Delivery Outlook | 67,000 to 70,000 |
Sources: Rivian’s Q3 2026 results release filed with the SEC on October 29, 2026, MarketBeat (October 29 and 30 trading data), The Motley Fool (October 30 close), StockAnalysis (analyst data last updated October 19). Market cap is our calculation from the share count in Rivian’s Q3 release. The 52-week low of about $11.38 is the October 29 intraday low reported by MarketBeat.
What Is Rivian Automotive?
Rivian Automotive was founded by RJ Scaringe, who remains chief executive, and builds its vehicles at a plant in Normal, Illinois. Its lineup includes the R1T pickup, the R1S SUV, the electric delivery van built for Amazon and other fleet customers, and, since June 2026, the R2, a midsize SUV priced below the R1 models. Rivian also earns software and services revenue, a growing share of which comes from its joint venture with Volkswagen Group. More company information is available on Rivian’s investor relations site.
Rivian News: What Has Happened in 2026
R2 becomes the best seller. Rivian began external deliveries of R2 on June 9, 2026, from a new line at its Normal plant. In the third quarter, R2 outsold both the R1 models and the delivery van, and Rivian added a second R2 production shift in Normal, according to its Q3 earnings presentation. “We had great results with R2 becoming our best selling vehicle by volume in the third quarter,” CEO RJ Scaringe said in the Q3 release. A plant in Georgia, still under construction, is expected to add up to 300,000 units of annual capacity, according to the company. Rivian said it expects the first draw on its Department of Energy loan for the Georgia site by early 2027.
Higher Q3 deliveries and guidance. Rivian produced 19,751 vehicles and delivered 19,248 in the quarter ended September 30, up 46% from a year earlier. On October 29 it raised the low end of its 2026 delivery range to 67,000, keeping the top at 70,000.
Uber robotaxi deal. On March 19, Rivian and Uber announced that Uber will invest up to $1.25 billion in Rivian through 2031, starting with an initial $300 million investment subject to regulatory approval, according to the companies’ joint announcement. Uber or its fleet partners are expected to buy 10,000 fully autonomous R2 robotaxis, with the option to negotiate up to 40,000 more from 2030, and initial deployments are planned for San Francisco and Miami in 2028. In its Q3 presentation, Rivian said it expects to reach the next milestone by the end of 2026, which would unlock an additional $250 million Uber equity investment, with up to $700 million more targeted through 2031, subject to autonomy milestones.
Share sale. In early July, Rivian sold 86.25 million new Class A shares, raising net proceeds of about $1.317 billion, according to its Q2 release. The stock fell about 18% after the offering was announced, according to The Motley Fool.
Volkswagen joint venture. Revenue from the Volkswagen joint venture was $354 million in Q3, or 59% of software and services revenue. Rivian announced on October 7 that Volkswagen Group had funded a $1 billion non-recourse, 10-year term loan at a fixed rate of 6.03%. Rivian also said an additional $460 million Volkswagen equity investment is targeted for the earlier of the first Volkswagen vehicle on the road with Rivian’s technology or January 2028, subject to conditions.
Finance chief change. Rivian’s board appointed Vice President of Finance Derek Mulvey as interim chief financial officer and principal financial officer, effective October 30, 2026, upon the departure of the current CFO, according to a Form 8-K filed with the SEC on October 29.
Rivian Q3 2026 Results
| Metric | Q3 2026 | Q3 2025 |
|---|---|---|
| Revenue | $2.155B | $1.558B |
| Automotive Revenue | $1.550B | $1.142B |
| Software and Services Revenue | $605M | $416M |
| Gross Profit | $176M (about 8% margin) | $24M (about 2% margin) |
| Net Loss Attributable to Shareholders | $(913)M | $(1.173)B |
| EPS (basic and diluted) | $(0.63) | $(0.96) |
| Adjusted EBITDA | $(435)M | $(602)M |
| Free Cash Flow | $(1.124)B | $(421)M |
| Cash and Short-Term Investments | $5.50B | $7.09B |
Source: Rivian Q3 2026 results release, filed with the SEC on October 29, 2026.
Revenue and the adjusted loss per share of $0.48 came in ahead of FactSet consensus estimates of about $2.00 billion and a loss of $0.64, according to MarketScreener. The automotive segment still posted a gross loss of $80 million, which Rivian said included about $120 million of extra cost from the R2 ramp. Software and services earned a gross profit of $256 million, a 42% margin.
Rivian ended September with $5.50 billion in cash, equivalents and short-term investments and total liquidity of about $6.10 billion including its revolving credit facility. Counting the $1 billion Volkswagen loan received in October, pro forma liquidity was about $7.1 billion.
| 2026 Guidance | Previous | Updated October 29 |
|---|---|---|
| Vehicles Delivered | 65,000 to 70,000 | 67,000 to 70,000 |
| Adjusted EBITDA | $(2.0)B to $(1.8)B | $(1.85)B to $(1.75)B |
| Capital Expenditures | $1.7B to $1.8B | $1.40B to $1.50B |
Rivian attributed the lower capital spending to the timing of spend, and the better adjusted EBITDA outlook partly to higher regulatory credit revenue and a tariff refund receivable. Previous guidance is from Rivian’s Q2 2026 release.
RIVN Stock Price History
| Date | Key Level |
|---|---|
| November 10, 2021 | First trading day after the IPO priced at $78 |
| November 2021 | All-time intraday high of $179.47 |
| First half of 2026 | Down about 11.9% (S&P Global Market Intelligence, via The Motley Fool) |
| October 6, 2026 | Close of $14.51 |
| October 26, 2026 | Close of $11.43 |
| October 28, 2026 | Close of $11.67 |
| October 29, 2026 | Last trade of $11.45 in the regular session, after an intraday low of $11.38 |
| October 30, 2026 | Close of $12.16, up 6.2%, after the Q3 report |
RIVN fell about 25% in January 2026 after two analysts downgraded it to sell, then about 18% after the July share sale, according to The Motley Fool. The stock slid through October, dropping about 21% from the October 6 close to the October 29 regular session as investors waited for the Q3 report.
Reaction to the Q3 report. Shares rose in after-hours trading on October 29. Proactive reported a 3.8% after-hours gain in an article published at 4:46 p.m. ET, and Investing.com reported a rise of about 2.5% shortly after the release. On October 30, the first full session after the report, RIVN rose more than 7% early in the day, according to The Motley Fool, and closed at $12.16, up 6.2%, on more than double its average daily volume, according to MarketBeat.
Rivian Stock Forecast: What Analysts Expect
We do not publish our own targets. The figures below are third-party analyst estimates as compiled by StockAnalysis, whose data was last updated on October 19, 2026, before the Q3 report.
| Measure | Target | Versus $12.16 |
|---|---|---|
| Lowest target | $13 | About +7% |
| Median target | $18 | About +48% |
| Average target | $19 | About +56% |
| Highest target | $25 | About +106% |
MarketBeat, in data dated October 23, counted 27 analysts with a consensus “Hold” rating and an average target of $19.86. Recent actions listed by StockAnalysis include Barclays (Hold, $14, October 19), RBC Capital (Hold, $16, October 9), UBS (Hold, $17, October 7), Yorkville Ives & Co (Buy, $20, initiated October 7) and Morgan Stanley (Sell, $14, October 3). The average analyst forecast for 2026 revenue was about $7.45 billion, with an expected adjusted loss of about $2.18 per share.
After the Q3 report, Jefferies analyst Philippe Houchois upgraded Rivian to Buy and kept a $17 price target, The Motley Fool reported on October 30. MarketBeat’s October 30 report put the consensus at “Hold” with an average target of $19.50, based on 14 Buy, 8 Hold and 5 Sell ratings. StockAnalysis had not updated its analyst data since October 19 when we checked on October 31. Analyst targets cover only the next 12 months and often change after earnings reports.
Rivian Stock Price Prediction 2030: What Would Need to Happen
No widely published analyst consensus covers 2030, so any single 2030 figure is speculative. A more useful way to frame the question is to ask what a given price would imply. With about 1.46 billion shares outstanding as of September 30, and before any further dilution:
| RIVN Price | Implied Market Cap | Multiple of $12.16 |
|---|---|---|
| $20 | About $29B | About 1.6x |
| $40 | About $58B | About 3.3x |
| $65 | About $95B | About 5.3x |
| $78 (IPO price) | About $114B | About 6.4x |
For RIVN to trade well above today’s level by 2030, Rivian would likely need to:
- Scale R2 at Normal and the new Georgia plant and turn the automotive segment’s gross loss into a profit
- Reach sustained profitability, since Rivian still guides to an adjusted EBITDA loss of $1.75 billion to $1.85 billion for 2026
- Deliver on autonomy, including the robotaxi version of R2 for Uber, which is planned for 2028
- Limit dilution, since new share sales raise the market cap needed for any given price
Rivian Stock Price Prediction 2040: How Analyst Targets Compare Over the Next Decade
Analyst price targets for Rivian do not stretch across a decade. Brokers publish 12-month targets, and in StockAnalysis data last updated on October 19, 2026, they ran from $13 to $25, so the most optimistic analyst saw almost twice the value of the most cautious one within a single year. None of the analyst targets we found on StockAnalysis or MarketBeat covers 2030 or 2040.
Public consensus estimates also thin out after the next year or two. StockAnalysis showed average revenue forecasts of about $7.45 billion for 2026 and $11.72 billion for the following year, a rise of about 57%, with an adjusted loss of about $1.74 per share in that year. Later estimates were behind a paywall, and none were shown for 2029 or 2030.
Any 2040 figure for RIVN is therefore a model or an opinion, not an analyst consensus. A 2040 price would depend on how far R2 and the Georgia plant scale, whether Rivian reaches sustained profit, how its autonomy plans with Uber develop and how many new shares it issues. At about 1.46 billion shares, the $78 IPO price would mean a market cap of about $114 billion, about 6.4 times the October 30 value.
Key Risks of Rivian Stock
- Ongoing losses: a Q3 net loss attributable to shareholders of $913 million and 2026 guidance for an adjusted EBITDA loss of $1.75 billion to $1.85 billion
- Cash burn: free cash flow was negative $1.124 billion in Q3 alone
- Dilution: the July 2026 share sale added 86.25 million shares, and shares outstanding rose to about 1.46 billion
- Execution: the Georgia plant and the robotaxi program are still being built, and Rivian is changing its chief financial officer
- Conditional funding: Rivian says the further Volkswagen and Uber equity investments depend on conditions and milestones
- Volatility: the stock fell about 21% between the October 6 close and the October 29 session, then rose 6.2% on October 30 after the Q3 report
- The EV market: U.S. federal tax credits for new EVs ended on September 30, 2025, and U.S. EV demand has been weaker since then
Is Rivian Stock a Good Long-Term Investment?
That depends on your view of R2 and your tolerance for risk. The bull case rests on a 46% rise in deliveries, R2 becoming the best-selling model within one quarter, positive gross profit, a higher delivery outlook and the Volkswagen and Uber partnerships. The bear case is that Rivian still lost more than $900 million in the third quarter, burned over $1 billion in free cash flow, has diluted shareholders again and still guides to a large adjusted EBITDA loss for 2026, and that most analysts rate the stock a Hold.
Before acting on headlines about Rivian, such as rumored deals or guidance changes, check them against the company’s own filings; our guide on how to verify crypto news and rumors applies the same method to markets in general. For other stock and crypto outlooks, see our Coinbase stock analysis, our guide to the QQQ stock price and Nasdaq-100 ETF and our full list of price predictions.
Data sources: Rivian Automotive investor relations and SEC filings (Q3 2026 results release and earnings presentation, Form 8-K dated October 29, 2026, Q3 2026 production and delivery release, Q2 2026 results), Rivian and Uber joint announcement of March 19, 2026, MarketBeat (October 29 and 30 trading data and consensus), Equibles (October 29 close), StockAnalysis (analyst ratings, targets, estimates and price history), MarketScreener (FactSet estimates), reporting by Investing.com, Proactive and The Motley Fool (including the October 30 close and the Jefferies upgrade), as of October 31, 2026.
Frequently Asked Questions
What is the RIVN stock price prediction for 2030?
No widely published analyst consensus covers 2030, so long-range figures are speculative. Current 12-month analyst targets average $19, against a closing price of $12.16 on October 30, 2026. With about 1.46 billion shares outstanding, a $40 share price in 2030 would imply a market cap of about $58 billion, so Rivian would need to scale R2 and reach sustained profitability first.
What is the Rivian stock forecast for the next 12 months?
Before the Q3 report, analysts tracked by StockAnalysis rated RIVN a consensus Hold, based on 25 analysts, with an average 12-month target of $19 and a range of $13 to $25. MarketBeat counted 27 analysts with an average target of $19.86. Recent calls include Barclays at $14 and UBS at $17. After the October 29 results, Jefferies upgraded the stock to Buy with a $17 target, The Motley Fool reported.
Is Rivian stock a good buy in 2026?
That depends on your risk tolerance. Supporters point to Q3 revenue of $2.155 billion, up 38%, deliveries of 19,248, up 46%, R2 becoming the best-selling model and a raised delivery outlook. Critics point to a Q3 net loss of $913 million, negative free cash flow of $1.1 billion and a July share sale. Most analysts rate the stock a Hold. This is not investment advice.
Why did Rivian stock fall in 2026?
According to The Motley Fool, RIVN fell about 12% in the first half of 2026 on rising losses, weaker U.S. EV sales after tax credits expired, two analyst downgrades in January and a July share sale. Rivian says that sale raised net proceeds of about $1.3 billion. The stock then dropped about 21% between the October 6 close and the October 29 session, before its third-quarter report.
What were Rivian’s Q3 2026 earnings results?
Rivian reported Q3 2026 revenue of $2.155 billion, up 38% from a year earlier, on 19,248 deliveries. Gross profit was $176 million, the net loss attributable to shareholders was $913 million, or $0.63 per share, and the adjusted EBITDA loss was $435 million. Cash and short-term investments were $5.50 billion at September 30. Revenue and adjusted loss per share beat FactSet estimates.
What is Rivian’s 2026 guidance after Q3?
On October 29, 2026, Rivian raised the low end of its 2026 delivery outlook, now 67,000 to 70,000 vehicles versus 65,000 to 70,000 before. It guides to an adjusted EBITDA loss of $1.75 billion to $1.85 billion, about $100 million better at the midpoint, and cut planned capital spending to $1.40 billion to $1.50 billion, which it attributes to timing.
What is Rivian’s R2 and when did deliveries start?
R2 is Rivian’s midsize electric SUV, priced below its R1 models and aimed at a wider market. External deliveries began on June 9, 2026, from the plant in Normal, Illinois, and R2 was Rivian’s best-selling vehicle by volume in the third quarter. A Georgia plant under construction is expected to add up to 300,000 vehicles of annual capacity. Uber also plans robotaxi versions.
Will Rivian ever be profitable?
Rivian has not yet reached operating profitability. It posted a gross profit of $176 million in Q3 2026, but its automotive segment still had a gross loss of $80 million and its net loss attributable to shareholders was $913 million. It guides to an adjusted EBITDA loss of $1.75 billion to $1.85 billion for 2026, and its Q3 materials give no date for positive adjusted EBITDA.
Where can I find reliable forecasts and analysis for Rivian’s stock performance?
Start with Rivian’s investor relations site and its SEC filings, which publish quarterly results, earnings presentations and guidance. Aggregators such as StockAnalysis and MarketBeat compile analyst ratings and 12-month price targets by firm and date. Check how recent the data is and how many analysts it covers, because targets often change after earnings. Major financial outlets report new rating changes.
Should I buy Rivian stock?
We cannot tell you whether to buy; that depends on your goals and risk tolerance. Before deciding, check Rivian’s liquidity, about $7.1 billion pro forma after the Volkswagen loan, its Q3 free cash flow of negative $1.124 billion, progress on R2 margins, its 2026 guidance, any new share sales and the conditions on Volkswagen and Uber funding. The analyst consensus is Hold.
Nothing in this article is financial advice. Stock investments carry substantial risk.