Citigroup Initiates Coverage on Lucid Group (NASDAQ:LCID)

Analysts at Citigroup began coverage on shares of Lucid Group (NASDAQ:LCID) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the stock. Citigroup’s target price points to a potential upside of 65.05% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Robert W. Baird set a $14.00 target price on Lucid Group in a research note on Tuesday, January 6th. Morgan Stanley cut Lucid Group from a “buy” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $10.00 in a report on Monday, December 8th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Bank of America began coverage on Lucid Group in a research note on Wednesday, March 4th. They set an “underperform” rating and a $10.00 target price for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Lucid Group in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $13.14.

Lucid Group Price Performance

Shares of LCID stock opened at $10.30 on Wednesday. Lucid Group has a 12-month low of $9.12 and a 12-month high of $33.70. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of -0.85 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. The firm has a fifty day moving average of $10.37 and a 200-day moving average of $14.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LCID. Royal Bank of Canada lifted its position 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 buying an additional 9,578 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lucid Group by 89.9% in the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock valued at $1,226,000 after acquiring an additional 254,551 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Lucid Group by 103.2% in the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after acquiring an additional 19,294 shares in the last quarter. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 2,874,603 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Lucid Group by 11.3% in the first quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock valued at $268,000 after acquiring an additional 11,252 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Key Lucid Group News

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

• Positive Sentiment: Tudor Investment disclosed a roughly $1.36 billion stake in Lucid, signaling sizeable institutional interest and potential supportive capital/engagement that can buoy the stock. Lucid (LCID) Stock Gains Momentum After Tudor’s Massive $1.36B Stake Revealed
• Positive Sentiment: Citigroup initiated coverage with a Buy rating and a $17 price target (about ~65% above recent levels), driving renewed optimism around Lucid’s growth trajectory and valuation upside. That upgrade is a key driver of today’s uptick. Lucid lands just its second Wall Street bull rating as Citi points to upside
• Positive Sentiment: Analysts and media coverage are highlighting product road‑map upside (midsize platform and lower-priced models like the Cosmos/Earth targeting sub-$50k entry), which supports longer‑term demand and margin improvement narratives. What’s Going On With Lucid Group Stock Wednesday?
• Neutral Sentiment: Market commentary noting a Citi‑driven surge and general market reaction helps explain volatility today but is mostly reiterating the Buy call rather than adding new fundamentals. What’s Going On With Lucid Stock Thursday
• Neutral Sentiment: Some industry headlines (e.g., Rivian/Uber robotaxi news) are uplifting EV sector sentiment generally but are not specific to Lucid’s near‑term fundamentals. Sector momentum can help LCID shares, but impact is indirect. Rivian Stock Jumps After Uber-Robotaxi Deal
• Neutral Sentiment: One press release referencing a new board chair appears to be for a differently named “Lucid Group” in healthcare communications — likely a name‑match and not related to NASDAQ:LCID; investors should verify item relevance before acting. Lucid Group Appoints Former Pfizer R&D Leader
• Negative Sentiment: Consensus analyst coverage remains mixed-to-negative overall—some brokerages still give LCID a “Reduce”/cautious average rating, which keeps downside pressure possible if momentum fades. Lucid Group, Inc. (NASDAQ:LCID) Given Average Recommendation of “Reduce” by Brokerages
• Negative Sentiment: Recent price weakness and some analyst writeups highlighted a pullback (prior day ~-3.6% close) and persistent fundamentals concerns (capital intensity, leverage), which could cap gains absent sustained execution or clearer cash flow improvements. Lucid Group (LCID) Declines More Than Market

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.