Leading global investment bank Goldman Sachs has increased its stake in EV maker Rivian stock (NASDAQ: RIVN). According to the recent 13F filing, the banking giant has increased its RIVN holdings by 56%. The development shows that institutional clients are confident in the EV maker, despite its price being knocked down for a year.

Goldman Sachs is more bullish on Rivian stock even after it plummeted close to 28% in 2026. This shows that the global bank is buying RIVN at its lowest point, and the equity could have bottomed out in the charts. Data shows that at the end of 2025, Goldman Sachs held 5.7 million RIVN shares worth approximately $112.6 million.

However, in 2026, Goldman Sachs increased their stake and holds 8.9 million shares, roughly worth $134 million. They loaded 3.2 million RIVN shares this year, increasing their position by 56%. Rivian stock is up for grabs and is trading below $15 on Friday. It is now trading at the $14.15 mark and has remained on the back foot for five months.

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Is Goldman Sachs in Profit After Buying Rivian Stock?

No, Goldman Sachs has not seen any major profit since buying Rivian stock both previously and in 2026. Their average buying price was at $15.05 per share, which translates to a loss of close to 1%. Wall Street estimates that the global bank could sell its RIVN holdings after it reaches the $17 mark.

Goldman Sachs, which gave a price target of $19 for Rivian stock, recently lowered its target to $17. Therefore, there are high chances that the banking giant could initiate sell-offs after it reaches the target. That would make the bank gain a profit of up to $2 per share if they do initiate profit bookings. Only BNP Paribas is the most bullish on RIVN, providing a target of $22.