Citigroup Cuts Lucid Group (NASDAQ:LCID) Price Target to $11.00

Lucid Group (NASDAQ:LCID) had its price objective decreased by Citigroup from $14.00 to $11.00 in a research note published on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts also recently commented on the company. Evercore set a $6.00 price objective on Lucid Group in a research report on Monday, May 11th. William Blair downgraded Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. TD Cowen lowered their target price on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Robert W. Baird set a $6.00 price target on shares of Lucid Group in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $5.00 price target on shares of Lucid Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Lucid Group has a consensus rating of “Reduce” and a consensus target price of $9.22.

Lucid Group Stock Down 2.1%

Shares of NASDAQ:LCID opened at $5.51 on Wednesday. The firm has a market capitalization of $2.17 billion, a PE ratio of -0.40 and a beta of 0.83. The business has a 50 day simple moving average of $6.28 and a two-hundred day simple moving average of $7.56. Lucid Group has a 1 year low of $2.37 and a 1 year high of $25.23. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.14 and a quick ratio of 0.57.

Lucid Group (NASDAQ:LCID) last issued its quarterly 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). Lucid Group had a negative return on equity of 1,391.51% and a negative net margin of 249.21%.The business had revenue of $405.35 million during the quarter, compared to analysts’ expectations of $381.59 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, equities analysts predict that Lucid Group will post -12.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Lucid Group by 9.5% during the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after purchasing an additional 9,578 shares during the period. AQR Capital Management LLC grew its position in shares of Lucid Group by 89.9% during the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock worth $1,226,000 after buying an additional 254,551 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Lucid Group by 103.2% during the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock worth $92,000 after buying an additional 19,294 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after buying an additional 2,874,603 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Lucid Group by 11.3% during the first quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock valued at $268,000 after buying an additional 11,252 shares during the period. Institutional investors own 75.17% of the company’s stock.

Trending Headlines about Lucid Group

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

Lucid Group Company Profile

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.