Rivian Automotive Inc ( RIVN ) shares are trading higher by some 2.8% to $13.87 this week. Analyst Mickey Legg of Benchmark initiated coverage earlier this week with a Buy rating and an $18 price target.

Goldman Sachs this week said it also predicts significant advancements in autonomous vehicles by 2030, with Level 3 AVs making up 10% of new vehicle sales and over 2 million fully autonomous Level 4/5 vehicles sold annually by 2030.

The firm maintained Neutral ratings for Tesla Inc and Rivian, highlighting Tesla’s robotaxi plans and regulatory challenges, as well as Rivian’s potential to monetize its new Autonomy+ driver-assist platform.

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What To Know: Analyst Mickey Legg expressed optimism about Rivian’s ability to capture significant EV market share. Per Barron’s, Legg cited expected domestic EV production growth starting in 2025, driven by lower vehicle prices and expanded charging infrastructure.

Rivian offers the high-end R1T truck and R1S SUV, both starting around $70,000~ and plans to launch the $45,000 R2 SUV in 2026 to compete with Tesla’s Model Y. An even cheaper R3 crossover is also planned.

Although unprofitable, Rivian produced 13,157 vehicles in the third quarter and forecasts over 50,000 annual deliveries. With $6.7 billion in cash and a Volkswagen partnership, investors await its next moves.

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How To Buy RIVN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rivian Automotive’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, RIVN has a 52-week high of $24.62 and a 52-week low of $8.26.