Lucid Group, Inc. (NASDAQ:LCID) Given Average Recommendation of “Reduce” by Brokerages

Lucid Group, Inc. (NASDAQ:LCID) has been assigned a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.1429.

A number of research firms have issued reports on LCID. Bank of America started coverage on shares of Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 target price for the company. Zacks Research upgraded shares of Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Cantor Fitzgerald reduced their price objective on shares of Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Morgan Stanley cut shares of Lucid Group from a “buy” rating to an “underweight” rating and decreased their price objective for the stock from $30.00 to $10.00 in a report on Monday, December 8th. Finally, Robert W. Baird set a $14.00 target price on shares of Lucid Group in a research report on Tuesday, January 6th.

Key Lucid Group News

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

• Positive Sentiment: Citigroup started coverage with a “Buy” and a $17 price target, signaling institutional support and suggesting significant upside from current levels. Benzinga Coverage Note
• Positive Sentiment: Stifel reiterated a $17 12-month price target after Lucid’s March investor day, showing at least some sell-side confidence that the company’s strategy could translate into higher long-term value. Wall Street Price Target Update
• Positive Sentiment: Management outlined a new midsize EV platform intended to underpin three models (Cosmos, Earth and Lunar robotaxi concept) with a target starting price under $50,000 — a potential route to higher-volume, more affordable EVs if execution meets targets. Benzinga Product/Strategy Note
• Positive Sentiment: Lucid announced a first European dealer partnership in Germany (Wackenhut) to launch sales and service — a tangible step toward international expansion and improving distribution/service footprint. PR Newswire Dealer Partnership
• Neutral Sentiment: Lucid leadership spoke at Bank of America’s Global Automotive Summit, increasing visibility with institutional investors but with no new financial guidance announced. PR Newswire Summit Participation
• Neutral Sentiment: Coverage and commentaries note “mixed signals” from Lucid: credible tech and product roadmaps but uncertain near-term production and margins. These narratives are keeping investor attention but not resolving execution questions. Kalkine Media Analysis
• Negative Sentiment: Short-term share weakness: coverage noted LCID fell more than the market today, reflecting investor caution after recent announcements and ongoing volatility. Zacks Market Move
• Negative Sentiment: Major concerns persist around rising operating costs, high cash burn, heavy debt (high D/E) and very low production volumes — these factors could pressure near-term profitability and require additional capital. Zacks Investor Day Caveats
• Neutral Sentiment: Some articles referencing “Lucid Group” coverage (e.g., board appointment of a former Pfizer R&D leader) relate to a different company in healthcare services and are not about Lucid Motors (LCID); these are likely noise for LCID investors. Yahoo — Different Lucid Group

Lucid Group Trading Down 3.6%

NASDAQ:LCID opened at $9.95 on Thursday. The stock’s 50 day moving average price is $10.38 and its 200 day moving average price is $14.54. Lucid Group has a 52 week low of $9.12 and a 52 week high of $33.70. The company has a market capitalization of $3.26 billion, a P/E ratio of -0.82 and a beta of 1.12. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LCID. Tudor Investment Corp ET AL acquired a new stake in Lucid Group in the 3rd quarter worth approximately $1,361,978,000. Geode Capital Management LLC boosted its position in Lucid Group by 7.4% during the second quarter. Geode Capital Management LLC now owns 22,642,839 shares of the company’s stock worth $47,784,000 after purchasing an additional 1,554,419 shares during the period. Uber Technologies Inc acquired a new position in Lucid Group during the third quarter valued at approximately $326,283,000. Marshall Wace LLP grew its holdings in Lucid Group by 2,398.5% during the second quarter. Marshall Wace LLP now owns 12,652,537 shares of the company’s stock valued at $26,697,000 after purchasing an additional 12,146,136 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lucid Group by 39.2% in 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 purchasing an additional 3,465,542 shares during the period. 75.17% of the stock is owned by institutional investors.

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.