Lucid Group, Inc. (NASDAQ:LCID) Stock Has Average Price Target of $9.22

Lucid Group, Inc. (NASDAQ:LCID) has been assigned a consensus rating of “Reduce” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.22.

LCID has been the subject of several research analyst reports. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Citigroup lowered their target price on Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $7.00 target price (down from $8.00) on shares of Lucid Group in a report on Monday, July 13th. Cantor Fitzgerald reissued a “neutral” rating on shares of Lucid Group in a research report on Monday, September 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a report on Monday, September 21st.

Lucid Group Stock Down 6.5%

LCID opened at $3.89 on Monday. The stock has a fifty day moving average of $5.17 and a 200-day moving average of $6.20. The firm has a market capitalization of $1.53 billion, a P/E ratio of -0.28 and a beta of 1.00. Lucid Group has a 12-month low of $2.37 and a 12-month high of $22.60.

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 analysts’ consensus estimates of ($2.36) by ($0.42). The business had revenue of $405.35 million for 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 business’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. On average, analysts expect that Lucid Group will post -12.15 earnings per share for the current fiscal year.

Key Headlines Impacting Lucid Group

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

• Positive Sentiment: Lucid delivered 3,806 vehicles in the third quarter, 852 more than it produced, allowing the company to reduce existing inventory. Management also says its operational reset is intended to improve cash efficiency. Lucid delivers 852 more vehicles than it builds in third quarter
• Neutral Sentiment: Cantor Fitzgerald maintained a Hold rating, indicating that the firm sees neither a clear recovery catalyst nor a compelling reason to change its cautious stance. Cantor Fitzgerald maintains Hold rating
• Negative Sentiment: Lucid produced 2,954 vehicles in the third quarter, its lowest quarterly output since early 2025, while deliveries fell short of expectations. The figures suggest that demand remains weak and contributed to the stock’s decline. Lucid Q3 production and delivery results
• Negative Sentiment: Under its newly appointed CEO, Lucid is materially cutting vehicle production to match current orders and reduce inventory. The company is also restructuring teams and leadership roles, signaling a significant operational reset but also underscoring the severity of its demand and cash-burn challenges. Lucid production cut under new CEO
• Negative Sentiment: BNP Paribas described Lucid’s path to improved operations and sustainable demand as “long and difficult” following the delivery miss. That assessment reinforces investor concerns about execution, commercialization and the company’s ability to fund its turnaround. BNP comments on Lucid’s delivery miss

Institutional Investors Weigh In On Lucid Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Lucid Group by 10.9% during the first quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after purchasing an additional 189,134 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Lucid Group in the second quarter valued at about $3,125,000. Lazard Asset Management LLC increased its position in Lucid Group by 192.6% in the 1st quarter. Lazard Asset Management LLC now owns 304,737 shares of the company’s stock worth $2,904,000 after purchasing an additional 200,604 shares during the last quarter. Quantinno Capital Management LP increased its position in Lucid Group by 246.0% in the 1st quarter. Quantinno Capital Management LP now owns 202,651 shares of the company’s stock worth $1,931,000 after purchasing an additional 144,089 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Lucid Group during the 4th quarter worth about $1,355,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.

About Lucid Group

Lucid Group, Inc is an electric vehicle company headquartered in Newark, California. Through its Lucid Motors subsidiary, the company designs, engineers and manufactures luxury electric vehicles, with a focus on long range, performance, efficiency and advanced in-vehicle technology.

Lucid’s product lineup includes the Lucid Air, a premium electric sedan, and the Lucid Gravity, an electric SUV. The company also develops electric powertrain systems, battery technology and related vehicle software.