Lucid Group (NASDAQ:LCID) Stock Gets Price Target Cut from Royal Bank Of Canada

Lucid Group (NASDAQ:LCID) had its target price cut by Royal Bank Of Canada from $7.00 to $4.00 in a report issued on Monday morning, MarketBeat.com reports. They currently have a sector perform rating on the stock.

Other analysts also recently issued research reports about the company. William Blair downgraded Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. Cantor Fitzgerald restated a “neutral” rating on shares of Lucid Group in a research report on Monday. Citigroup decreased their price objective on shares of Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. UBS Group reaffirmed a “hold” rating on shares of Lucid Group in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a research report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Lucid Group currently has a consensus rating of “Reduce” and an average target price of $8.89.

Lucid Group Stock Performance

Lucid Group stock opened at $3.29 on Monday. The stock has a market cap of $1.30 billion, a P/E ratio of -0.24 and a beta of 1.00. Lucid Group has a fifty-two week low of $2.37 and a fifty-two week high of $22.42. The firm’s fifty day moving average price is $4.77 and its 200-day moving average price is $5.97.

Lucid Group (NASDAQ:LCID) last posted its earnings results on Tuesday, August 4th. The company reported ($2.78) EPS for the quarter, missing the consensus estimate 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 return on equity of 1,391.51% and a negative net margin of 249.21%. Lucid Group’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Sell-side analysts predict that Lucid Group will post -12.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Lucid Group by 10.9% in the 1st quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock worth $18,289,000 after buying an additional 189,134 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Lucid Group in the second quarter worth approximately $3,125,000. Lazard Asset Management LLC grew its position in Lucid Group by 192.6% during the first quarter. Lazard Asset Management LLC now owns 304,737 shares of the company’s stock valued at $2,904,000 after acquiring an additional 200,604 shares during the last quarter. Calamos Advisors LLC grew its position in Lucid Group by 50.0% during the first quarter. Calamos Advisors LLC now owns 225,000 shares of the company’s stock valued at $2,144,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Lucid Group during the second quarter valued at approximately $1,368,000. Institutional investors own 75.17% of the company’s stock.

More Lucid Group News

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

• Positive Sentiment: Lucid plans to establish its first retail and service locations in France in 2027, with more than 16 partner sites targeted. The expansion could improve customer access, brand visibility, and sales coverage in Europe. However, the benefit is longer term because the locations are not expected to open until 2027. Lucid Expands in France to Boost Customer Reach Amid Uneven Sales
• Neutral Sentiment: Cantor Fitzgerald maintained a “Neutral” rating but reiterated an $8 price target, substantially above the recent share price. The target implies significant potential upside, although the unchanged rating signals that the analyst remains cautious about Lucid’s near-term execution and demand outlook. Analysts set Lucid stock price target
• Negative Sentiment: An analyst downgrade contributed to the selling pressure, with reports indicating Lucid shares fell sharply following the rating action. Investors appear focused on weaker near-term sentiment rather than the company’s longer-term growth plans. Lucid Group Shares Down After Analyst Downgrade
• Negative Sentiment: Lucid has significantly underperformed the broader market and Rivian over the past six months, highlighting investor concerns about its ability to scale deliveries, improve profitability, and compete in the EV market. Rivian versus Lucid comparison
• Negative Sentiment: The French expansion is being announced amid uneven or soft demand, limiting its immediate financial impact. Lucid’s recent losses, negative profitability, and trading price below its 50-day and 200-day moving averages add to the bearish backdrop. Lucid French debut amid soft demand

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.