UBS Raises PT to $23 from $21, Maintains Neutral Rating

UBS Raises PT to $23 from $21, Maintains Neutral Rating

UBS Group AG has updated its price target for Rivian Automotive Inc., raising it to $23 from $21 while maintaining a neutral rating. This adjustment comes amidst a broader shift in UBS's holdings, as the Swiss bank has been actively managing its portfolio in the electric vehicle (EV) sector.

UBS Group disclosed in a regulatory filing on July 2, 2025, that it had reduced its position in Rivian by nearly 35% during the second quarter of 2025. The bank closed the quarter holding 19,016,860 shares in the company, after selling about 10.1 million shares. This move follows a steady increase in Rivian's stock price, which has seen significant growth since the company's initial public offering (IPO) in late 2021.

In addition to adjusting its Rivian holdings, UBS Group also made changes to its options positions. The bank increased its call options by 28% to 16.82 million shares and trimmed its put options by 5.7% to 582,500 shares. This strategic shift reflects UBS's ongoing assessment of the EV market and its positioning in the sector.

UBS's decision to raise its price target for Rivian is part of a broader trend in the financial community. Institutional investors, including Vanguard and BlackRock, have been consistently updating their portfolios, with both firms increasing their holdings in Rivian during the second quarter. As of the end of June, Rivian's institutional shareholder base held around 650 million shares, with Amazon being the largest individual holder.

UBS's latest move underscores the bank's commitment to providing insightful analysis and strategic advice to its clients. The bank's neutral rating and increased price target reflect a balanced view of Rivian's prospects, acknowledging both the company's growth potential and the risks associated with the EV market.

References:
[1] https://news.futunn.com/en/post/60791689/usd-3700-ubs-group-raises-gold-price-target-expecting-federal
[2] https://eletric-vehicles.com/rivian/ubs-slashes-rivians-holdings-by-35-in-q2/