Lucid Group, Inc. (NASDAQ:LCID) Receives $9.56 Average Target Price from Brokerages

Lucid Group, Inc. (NASDAQ:LCID) has been given an average recommendation of “Reduce” by the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.2222.

Several brokerages recently commented on LCID. Evercore set a $6.00 price target on shares of Lucid Group in a report on Monday, May 11th. Citigroup reduced their price target on Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday. Cantor Fitzgerald restated a “neutral” rating on shares of Lucid Group in a report on Monday, August 3rd. William Blair downgraded Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird set a $6.00 target price on Lucid Group in a research report on Wednesday, May 6th.

Lucid Group Stock Down 2.1%

NASDAQ LCID opened at $5.51 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 3.00. Lucid Group has a 52 week low of $2.37 and a 52 week high of $25.23. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -0.40 and a beta of 0.83. The company has a fifty day moving average of $6.28 and a two-hundred day moving average of $7.56.

Lucid Group (NASDAQ:LCID) last announced its earnings results on Tuesday, August 4th. The company reported ($2.78) earnings per share for the quarter, missing the consensus estimate of ($2.36) by ($0.42). The firm had revenue of $405.35 million during the quarter, compared to analysts’ expectations of $381.59 million. Lucid Group had a negative net margin of 249.21% and a negative return on equity of 1,391.51%. The company’s revenue was up 56.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) EPS. On average, analysts predict that Lucid Group will post -12.15 earnings per share for the current year.

Institutional Investors Weigh In On Lucid Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Uber Technologies Inc bought a new position in Lucid Group in the 3rd quarter worth about $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lucid Group by 39.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock valued at $25,973,000 after acquiring an additional 3,465,542 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Lucid Group by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after acquiring an additional 701,826 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Lucid Group by 112.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after purchasing an additional 2,874,603 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Lucid Group by 93.5% in the second quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock valued at $9,465,000 after purchasing an additional 2,167,882 shares during the period. Institutional investors own 75.17% of the company’s stock.

Lucid Group News Summary

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Lucid announced Munsterhuis Autobedrijven as its first retail partner in the Netherlands. The partnership adds a sales and service location in Hengelo, complementing Lucid’s existing Hilversum Studio and Service Center and expanding access to customers nationwide. Lucid Announces Munsterhuis Autobedrijven as First Retail Partner in the Netherlands
• Positive Sentiment: Lucid’s decision to keep 2027 Air pricing unchanged was viewed as supportive for demand and helped drive earlier gains in the stock. Stable pricing may improve purchase visibility, although it does not address the company’s profitability challenges. Lucid Stock Rises After 2027 Air Pricing Announcement
• Neutral Sentiment: Zacks Research upgraded Lucid from “strong sell” to “hold.” The change reduces the intensity of the bearish recommendation but still signals that the firm does not see a clear near-term catalyst for an outright buy. Zacks Research
• Negative Sentiment: Citigroup lowered its price target for LCID to $11. While the target remains above the recent trading level, the reduction reflects more cautious expectations and can pressure sentiment toward the loss-making EV manufacturer. Citigroup Lowers Lucid Group Price Target

About Lucid Group

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.