This Analyst Sees Extra Than 50% Upside In Lucid After This fall Deliveries

  • Citi analyst Itay Michaeli resumed protection of Lucid Group, Inc (NASDAQ: LCID) with a Purchase score and a $12 value goal.

  • Citi’s newest mannequin & valuation framework included Lucid’s reported Q3 outcomes, This fall deliveries, This fall capital increase, current macro pressures & trade EV value actions, decrease peer comps, and an intensifying aggressive setting.

  • Regardless of current and ongoing headwinds, Lucid’s latest Q4 production update & steadiness sheet actions inspired the analyst.

  • Additionally Learn: Tesla Rival Lucid Offers $7,500 Discount On Its Air Sedan: Here’s How To Qualify

  • The analyst continues to love the corporate’s know-how & product positioning within the EV race.

  • Citi’s key focus areas now embody the continued manufacturing ramp of the Air, upcoming reservations, demand updates, the corporate’s go-forward pricing technique, 2023 gross margin outlook, and Gravity launch milestones.

  • With manufacturing execution bettering, near-term liquidity addressed, and expectations have come down, the analyst favored the chance and reward right here however anticipated continued near-term volatility amid ongoing macro and aggressive developments.

  • Value Motion: LCID shares traded larger by 9.97% at $8.60 on the final test Monday.

Newest Scores for LCID






Mar 2022

Morgan Stanley



Jan 2022

Redburn Companions

Initiates Protection On


Dec 2021


Initiates Protection On


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